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Advance Auto Parts Inc (AAP)

AAP on New York Consolidated

97.52USD
26 Sep 2017
Change (% chg)

$-0.42 (-0.43%)
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Latest Key Developments (Source: Significant Developments)

Advance Auto Parts Q2 GAAP earnings per share $1.17
Tuesday, 15 Aug 2017 06:30am EDT 

Aug 15 (Reuters) - Advance Auto Parts Inc :Advance Auto Parts reports second quarter fiscal 2017 results.Q2 adjusted earnings per share $1.58 excluding items.Q2 GAAP earnings per share $1.17.Q2 sales $2.26 billion versus I/B/E/S view $2.26 billion.Q2 earnings per share view $1.65 -- Thomson Reuters I/B/E/S.Qtrly ‍comparable store sales flat​.Qtrly sales $2,263.7 million versus $2,256.2 million.Q2 earnings per share view $1.65 -- Thomson Reuters I/B/E/S.Revised guidance for year incorporates impact of industry headwinds in first half, which co expects to continue in H2​.Sees 2017 capital expenditures approximately $250 million.Sees 2017 ‍comparable store sales negative 3% to negative 1%​.Continues to reduce inventory to improve cash flow, but there will continue to be non-cash "negative impact to gross margin"​.Sees ‍free cash flow of minimum $300 million in 2017​.  Full Article

Advance Auto Parts reports Q1 adj earnings per share $1.60
Wednesday, 24 May 2017 06:30am EDT 

May 24 (Reuters) - Advance Auto Parts Inc : :Advance auto parts reports first quarter fiscal 2017 results.Q1 adjusted earnings per share $1.60 excluding items.Q1 GAAP earnings per share $1.46.Q1 same store sales fell 2.7 percent.Q1 earnings per share view $2.17 -- Thomson Reuters I/B/E/S.Qtrly sales $2,890.8 million versus $2,979.8 million.Advance Auto Parts- in quarter, comparable store sales unfavorably impacted by shift in new year's day to Q1 2017, significant shift of winter related demand into Dec.Q1 revenue view $2.95 billion -- Thomson Reuters I/B/E/S.Advance Auto Parts Inc - increasing and accelerating initial gross productivity target of $500 million over 5 years to $750 million over 4 years.Advance Auto Parts Inc says "increasing and accelerating our initial gross productivity target of $500 million over 5 years to $750 million over 4 years".  Full Article

Advance Auto Parts CEO Greco's 2016 total compensation $22.8 mln
Thursday, 23 Mar 2017 04:55pm EDT 

Advance Auto Parts Inc : Advance Auto Parts Inc - CEO Thomas Greco's FY 2016 total compensation was $22.8 million - SEC filing . Advance Auto Parts Inc - CEO Thomas Greco's FY 2016 total compensation includes $12.7 million of stock awards and $5.5 million or option awards Source: (http://bit.ly/2ni3twV) Further company coverage: [AAP.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Advance Auto Parts is accelerating growth and plans to open new stores in 2017
Monday, 6 Mar 2017 04:30pm EST 

Advance Auto Parts Inc : Accelerating growth and plans to open 75 to 85 new stores in 2017 .Expects to hire more than 15,000 team members this year across its family of companies.  Full Article

Advance Auto Parts Q4 earnings per share $0.84
Tuesday, 21 Feb 2017 06:30am EST 

Advance Auto Parts Inc : Advance Auto Parts reports fourth quarter fiscal 2016 results . Q4 adjusted earnings per share $1.00 excluding items . Q4 GAAP earnings per share $0.84 . Q4 sales $2.08 billion versus I/B/E/S view $2.02 billion . Q4 earnings per share view $1.09 -- Thomson Reuters I/B/E/S . Sees 2017 capital expenditures approximately $250 million . Advance auto parts inc sees 2017 free cash flow of minimum $400 million .Sees 2017 comparable store sales 0% to 2%.  Full Article

Advance Auto Parts in conjunction with entering into credit facilit Advance Stores Co, terminated credit agreement dated as of Dec 5, 2013
Monday, 6 Feb 2017 05:39pm EST 

Advance Auto Parts Inc : Advance Auto Parts - In conjunction with entering into credit facilit Advance Stores Co, terminated credit agreement dated as of Dec 5, 2013 . Advance Auto Parts- On Jan 31,co as guarantor, entered into new credit agreement which provides $1 billion unsecured revolving credit facility -SEC Filing . Advance Auto Parts Inc - New revolver provides for issuance of letters of credit with a sublimit of $200 million . Advance Auto Parts - Co may request total revolving commitment be increased by an amount not exceeding $250 million during term of 2017 credit agreement .Advance Auto Parts Inc - Revolving facility terminates in January 2022.  Full Article

Advance Auto Parts names Thomas Okray CFO
Wednesday, 5 Oct 2016 06:45am EDT 

Advance Auto Parts Inc : Advance Auto Parts names Thomas Okray CFO . Okray will succeed Mike Norona, who will remain with company in an advisory role until end of year .Most recently, Mr. Okray served as vice president, finance, global customer fulfillment at Amazon.  Full Article

Advance Auto Parts Q2 GAAP earnings per share $1.68
Tuesday, 16 Aug 2016 06:30am EDT 

Advance Auto Parts Inc : Q2 gaap earnings per share $1.68 . Q2 adjusted earnings per share $1.90 excluding items . Q2 sales $2.26 billion versus I/B/E/S view $2.24 billion . Q2 earnings per share view $2.12 -- Thomson Reuters I/B/E/S .Quarterly comparable store sales decrease of 4.1 percent.  Full Article

Advance Auto Parts announces departure of president George Sherman
Friday, 29 Jul 2016 06:45am EDT 

Advance Auto Parts Inc : George Sherman will remain with company to assist with an orderly transition through end of year . Advance auto parts announces departure of President George Sherman .George Sherman, who currently serves as company's president, will step down from his current role on august 13.  Full Article

Advance Auto Parts Q1 adj cash EPS $2.51
Thursday, 19 May 2016 06:30am EDT 

Advance Auto Parts Inc : Mike norona, chief financial officer, will be leaving company . Norona has agreed to remain in his current role until a successor has been named and will assist with an orderly transition . Commenced an external search for a new cfo . Says no longer expects to achieve its annual free cash flow assumption of a minimum of $500 million for fiscal 2016 . Says annual comparable store sales is now expected to be between negative 3% and negative 5% for 2016 . Says is no longer targeting an adjusted operating income rate of 12% for fiscal 2016 . Qtrly earnings per share $2.14 . Qtrly comparable store sales decrease of 1.9% . Sees 2016 capital expenditures $260 million to $280 million . Advance auto parts reports first quarter fiscal 2016 adjusted cash eps of $2.51 . Q1 adjusted cash earnings per share $2.51 . Q1 sales $2.98 billion versus i/b/e/s view $3 billion .Q1 earnings per share view $2.60 -- Thomson Reuters I/B/E/S.  Full Article