Advance Auto Parts (AAP) falls on mixed Q3 and lower guidance, looks to streamline with sale of Worldpac

Dow futures rise; Target earnings, retail sales due

Investing.com -- U.S. stock futures edged higher Wednesday, as investors digested a cooler than expected inflation report ahead of the release of retail sales data and earnings from major retailers.

By 06:35 ET (11:35 GMT), the Dow Futures contract was up 100 points, or 0.3%, S&P 500 Futures traded 16 points, or 0.4%, higher and Nasdaq 100 Futures climbed 84 points, or 0.5%.

The main indices on Wall Street closed sharply higher Tuesday after data showed price growth in the world's largest economy had slowed by more than expected last month, boosting hopes that the Fed's unprecedented run of... More

Advance Auto Parts (AAP) Appoints Ryan Grimsland as CFO

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, today announced that it has appointed Ryan Grimsland as executive vice president and chief financial officer, effective November 27, 2023. Tony Iskander, who has served as interim chief financial officer since August 2023 will continue in his role as senior vice president, finance and treasurer.

I am excited to welcome Ryan to the Advance family and look forward to partnering with him as we begin a new chapter in the companys 90-year... More

Advance Auto Parts (AAP) initiating separate sale processes for Worldpac and Canadian business

Advance Auto Parts, Inc. (NYSE: AAP) initiating separate sale processes for Worldpac as well as our Canadian business.

We are committed to stabilizing the company and returning Advance to profitable growth, and our frontline teams passion and extensive knowledge is integral to how we succeed. Seeing our... More

Advance Auto Parts (AAP) Beats on Revenue, EPS Miss; Lowers FY23 Revenue Guidance

(Updated - November 15, 2023 7:04 AM EST)

Advance Auto Parts (NYSE: AAP) reported Q3 EPS of ($0.82), versus the analyst estimate of $1.44. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.68 billion.

GUIDANCE:

Advance Auto Parts sees FY2023... More