Advanced Auto Parts closing more than 700 across the US - WRAL

11 hours ago · A news release from Advanced Auto Parts said the closures include 523 Advance corporate stores, 204 independent locations and four distribution centers. Posted 2024-11 …

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Advance Auto Parts Closing More Than 700 Stores Across The US

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11 hours ago · As of Dec. 30, 2023, Advance Auto Parts had 4,786 stores. On Nov. 1, Advance Auto Parts recently sold Worldpac, an automotive parts wholesaler, for $1.5 billion.

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Advance Auto Parts Stores Closing: 731 Locations Around US To …

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15 hours ago · The Advance Auto Parts' gross profit increased 11% in the third quarter of 2024 compared to the 36.9% increase in 2023's third quarter. Executives said the extreme dip in …

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Advance Auto Parts Laying Off Hundreds As Part Of $150M In Cuts

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Nov 16, 2023 · Layoffs. by WRAL TechWire — November 16, 2023. RALEIGH – Advance Auto Parts disclosed to investors in a conference call on Wednesday that it would be laying off …

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Advance Auto Parts To Cut Costs By $150M, Sell 2 ... - WRAL TechWire

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Nov 15, 2023 · 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 …

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Advance Auto Parts Is Closing More Than 700 Locations - WGAL …

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20 hours ago · Advance Auto Parts shares slid nearly 5% in premarket trading after it reported earnings that missed analysts’ expectations.The reduction will result in closing roughly 500 …

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Advance Auto Parts Plans Closures Of More Than 500 Stores - WWL …

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16 hours ago · Advance Auto Parts expects full-year revenue of $9 billion. Advance Auto Parts shares have declined 33% since the beginning of the year. The stock has declined 27% in the …

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Advance Auto Parts Coverage - WRAL

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Advance Auto Parts to cut costs by $150M, sell 2 business units, lay off 400. The North Raleigh-based company under its recently named CEO announced plans for cost cuts as well as the …

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Advance Auto Parts: Q3 Earnings Snapshot - WRAL

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21 hours ago · The auto parts retailer posted revenue of $2.15 billion in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $2.67 billion. Advance Auto Parts …

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FAQs about Advanced Auto Parts closing more than 700 across the US - WRAL Coupon?

What happened to Advance Auto Parts?

Advance Auto Parts announced on Thursday that it is closing at least 500 corporate stores by mid-2025, and exiting another 200 independent locations. The move comes as the company said in a release that its gross profit increased 11% in the third quarter of 2024 to $907 million compared to the same period a year ago. ...

Why did Advance Auto Parts stock pull a sharp U-turn?

Shares of Advance Auto Parts Inc. pulled a sharp early U-turn to trade higher Thursday, after the company laid out its plan to return to sales growth and to boost margins, including by closing more than 700 store locations. The North Carolina-based company ...

What is Advance Auto Parts?

Advance Auto Parts is your source for quality auto parts, advice and accessories. View car care tips, shop online for home delivery, or pick up in one of our 4000 convenient store locations in 30 minutes or less. ...

How many Advance Auto Parts stores are there?

Advance Auto Parts serves both professional installers and do-it-yourself customers, its website says. As of Oct. 5, Advance operated 4,781 Advance Auto (4,492) and Carquest (289) branded stores, primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. ...

Is Advance Auto Parts laying off 400 people?

RALEIGH – Advance Auto Parts disclosed to investors in a conference call on Wednesday that it would be laying off some 400 people as part of $150 million in cost cuts that were announced earlier in the day. The North Raleigh-based company said some of the layoffs would be made at its headquarters. ...

How much will Advance Auto Parts make a year?

Eight analysts surveyed by Zacks expected $2.68 billion. Advance Auto Parts expects full-year earnings to be $1.40 to $1.80 per share, with revenue in the range of $11.25 billion to $11.3 billion. Advance also said it hired Ryan Grimsland as executive vice president and chief financial officer as of Nov. 27. ...