Advance Auto Incurs Unexpected Q3 Loss, Cuts 2024 Guidance

Advance Auto Parts, Inc. AAP reported an adjusted loss of 4 cents per share for the third quarter of 2024 as against the Zacks Consensus Estimate of earnings of 52 cents. The company had …

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Advance Auto Incurs Unexpected Q3 Loss, Cuts 2024 Guidance

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1 day ago · Advance Auto revised its full-year 2024 guidance. It now expects 2024 net sales of around $9 billion, down from the prior guided range of $11.15-$11.25 billion. Comparable store …

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Advance Auto Parts Initiates Strategic Objectives To Improve ...

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19 hours ago · Looking ahead to FY24, Advance Auto Parts now expects comparable sales to be down 1.0% compared to last year, versus initial expectations of down 1.0% to flat. Net sales …

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Advance Auto Parts Faces Q3 Turmoil: Missed Targets And A Bold …

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19 hours ago · Advance Auto Parts has taken a heavy hit this quarter, reporting a -$0.04 adjusted EPS, missing expectations by a whopping $0.58. Revenue didn't fare much better, coming in …

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Advance Auto's Stock Rises After Upbeat Guidance For 2024 Offsets ...

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Feb 28, 2024 · Raleigh, N.C.-based Advance Auto (AAP) had a net loss of $35.1 million, or 59 cents a share, for the quarter, after income of $82.9 million, or $1.39 a share, in the year …

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Advance Auto Parts' Fiscal Q3 Adjusted Loss Narrows, Net Sales …

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21 hours ago · -- Advance Auto Parts reported a fiscal Q3 adjusted loss Thursday of $0.04 per share, narrowing from a loss of $1.19 a year earlier. ... Advance Auto Parts' Fiscal Q3 …

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Advance Auto Parts Slips To Q3 Loss, Cuts FY23 Outlook; Names …

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Nov 15, 2023 · In its third quarter, Advance Auto Parts reported net loss of $48.63 million, compared to last year's net income of $115.88 million. The company's loss per share was …

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Advance Auto Parts To Cut Costs By $150M, Sell 2 Business Units, …

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Nov 15, 2023 · Advance Auto Parts to cut costs by $150M, sell 2 business units, lay off 400 ... on Wednesday reported a third-quarter loss of $48.6 ... Advance Auto Parts expects full-year …

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Advance Auto’s Stock Rises After Upbeat Guidance For 2024 Offsets ...

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Feb 28, 2024 · Raleigh, N.C.-based Advance Auto AAP had a net loss of $35.1 million, or 59 cents a share, for the quarter, after income of $82.9 million, or $1.39 a share, in the year …

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Fidelity OTC Portfolio Fund Q2 2024 Review - Seeking Alpha

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2 hours ago · For the quarter, the Fidelity OTC Portfolio Fund's Retail Class shares returned -0.33%, trailing the 2.76% advance of the benchmark Index. Click here to read more.

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ADVANCE AUTO PARTS - Updated November 2024 - Yelp

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18.0 miles away from Advance Auto Parts Jeffrey S. said "Was told by dealership mechanic that my muffler was hanging by a thread and that it needed immediate attention to the tune of $300 …

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FAQs about Advance Auto Incurs Unexpected Q3 Loss, Cuts 2024 Guidance Coupon?

What are Advance Auto Parts' financial objectives for 2027?

As part of this plan, the company has set financial objectives for 2027 that include net sales of $9B (estimate $9.3B), positive low-single digit percent comparable sales growth, adjusted operating income margin of ~7%, and a leverage ratio of ~2.5x. Shares of Advance Auto Parts (AAP) are down 1.3%in premarket trading. ...

Why did Advance Auto Parts lose 3rd quarter?

RiverNorthPhotography/iStock Unreleased via Getty Images Weighed down by the impacts from Hurricane Helene, downtime associated with the CrowdStrike outage, higher production costs, and “strategic pricing,” Advance Auto Parts (NYSE:AAP) reported an unexpected loss in the third quarterand lowered its full year salesguidance by more than expected. ...

What impacted Advance Auto Parts' operating income margin in fy24?

Operating income margin was negatively impacted by 125 basis points of “atypical” items and headwinds from the hurricane and CrowdStrike outage Looking ahead to FY24, Advance Auto Parts (AAP) now expects comparable sales to be down 1.0% compared to last year, versus initial expectations of down 1.0% to flat. ...

Does Advance Auto Parts have a turnaround plan?

As part of its turnaround efforts, Advance Auto Parts announced plans to close 523 corporate stores, exit 204 independent locations, and shutter four distribution centers by mid-2025. The company aims to improve its adjusted operating income margin by over 500 basis points through fiscal 2027. ...

What happened to Advance Auto Parts?

RALEIGH — Advance Auto Parts (AAP) on Wednesday reported a third-quarter loss of $48.6 million, after reporting a profit in the same period a year earlier. And the company under its recently named CEO announced plans for cost cuts, including the elimination of about 400 positions, as well as the sale of two business units. ...

What will Advance Auto Parts' Sales look like in fy24?

Looking ahead to FY24, Advance Auto Parts (AAP) now expects comparable sales to be down 1.0% compared to last year, versus initial expectations of down 1.0% to flat. Net sales are targeted for $9B from prior estimates of $11.15B to $11.25B and less than the consensus estimate of $9.69B. ...