Advance Auto Parts Reports Q1 Earnings Miss, Provides 2022 Guidance
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Advance Auto Parts Reports First Quarter 2022 Results
May 23, 2022 4:30 PM EDT
Net Sales Increased 1.3% to $3.4 Billion
Comparable Store Sales Increased by 0.6%; Comparable Store Sales Increased 25.3% on a Two-Year Stack
Returned Over $400 Million of Cash to Shareholders
Affirms Full Year 2022 Guidance
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the first quarter ended April 23, 2022.
"In the first quarter of 2022, we delivered our 8th consecutive quarter of comparable store sales,... More
