Advance Auto Parts (AAP) Misses Q4 EPS by 80c. Tops on Revenue; Offers Guidance

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Go back to Advance Auto Parts (AAP) Misses Q4 EPS by 80c. Tops on Revenue; Offers Guidance

Advance Auto Parts Reports Fourth Quarter and Full Year 2023 Results

February 28, 2024 6:30 AM EST

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 fourth quarter and full year ended December 30, 2023.

As we closed out 2023, we continued to act with a sense of urgency to stabilize the business and position the company to return to profitable growth, said Shane O'Kelly, president and chief executive officer. Our full year results are well below our expectations, and we are focused on instilling greater discipline and... More