Advance Auto Parts (AAP) Misses Q1 EPS by 9c; CFO to Leave

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Advance Auto Parts Reports First Quarter Fiscal 2016 Adjusted Cash EPS of $2.51

May 19, 2016 6:30 AM EDT

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 first quarter ended April 23, 2016. First quarter adjusted earnings per diluted share (Adjusted Cash EPS) were $2.51. These results exclude $0.11 of amortization of acquired intangible assets and integration and restructuring costs of $0.26, primarily associated with the acquisition of General Parts International, Inc. (General Parts).

  Adjusted First Quarter Performance Summary (1)     Sixteen Weeks Ended April 23, 2016 April 25, 2015   Sales (in millions) $   2,979.8... More