UPDATE: Advance Auto Parts (AAP) Misses Q3 EPS by 14c; Trims FY15 EPS Outlook; Appoints Interim CEO

Advance Auto Parts Announces Agreement with Starboard Value

November 12, 2015 6:47 AM EST

Jeffrey C. Smith Joins Advance Auto Parts Board Starboard to Designate Two Independent Directors to the Board Advance Auto Parts to Name Two Additional Independent Directors Prior to 2016 Annual Meeting

ROANOKE, Va.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, serving both professional installer and do-it-yourself customers, today announced that it has entered into an agreement with Starboard Value LP and its affiliates (Starboard),... More

Advance Auto Parts Announces Leadership Transition

November 12, 2015 6:46 AM EST

President George Sherman Named Interim CEO Effective January 3, 2016 Darren Jackson to Retire as CEO After Eight Years Chairman Jack Brouillard Named Executive Chairman John Ferraro Named Lead Independent Director

ROANOKE, Va.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, serving both professional installers and do-it-yourself customers, today announced that its Board of Directors has appointed... More

Advance Auto Parts Reports Third Quarter Fiscal 2015 Comparable Cash EPS Growth of 3.2% to $1.95

November 12, 2015 6:45 AM EST

ROANOKE, Va.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, serving both professional installer and do-it-yourself customers, today announced its financial results for the third quarter ended October 10, 2015. Third quarter comparable cash earnings per diluted share (Comparable Cash EPS) were $1.95, which was an increase of 3.2% versus the third quarter last year. These third quarter comparable results exclude $0.08 of amortization of acquired intangible assets and integration and restructuring costs of $0.24, primarily associated with the acquisition of General Parts International, Inc. (General Parts).

    Comparable Third Quarter Performance Summary (1)                  ... More