Advance Auto Parts (AAP) Misses Q1 EPS by $1.84; Lowers Outlook

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Go back to Advance Auto Parts (AAP) Misses Q1 EPS by $1.84; Lowers Outlook

Advance Auto Parts Reports First Quarter 2023 Results

May 31, 2023 6:30 AM EDT

Q1 Net Sales Increased 1.3% to $3.4 Billion; Comparable Store Sales Decreased 0.4%

Operating Income of $90.0 Million; Operating Income Margin of 2.6%

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 22, 2023.

Tom Greco, president and chief executive officer, said, I want to thank our Advance team members and independent partners for their continued hard work and focus on serving... More