Advanced Auto Parts' stock falls after a surprise quarterly loss, plan ...

15 hours ago · Shares of Advance Auto Parts Inc. (AAP) dropped 1.8% in premarket trading Thursday, after the maker of auto parts for both professional and do-it-yourself customers …

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Advanced Auto Parts' Stock Falls After A Surprise Quarterly Loss, Plan ...

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15 hours ago · Shares of Advance Auto Parts Inc. (AAP) dropped 1.8% in premarket trading Thursday, after the maker of auto parts for both professional and do-it-yourself customers …

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Advance Auto Parts To Close Stores As Sales Outlook Misses Views

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14 hours ago · Advance Auto Parts AAP 2.58% increase; green up pointing triangle said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting …

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Advance Auto Parts (AAP) Reports Q3 Loss, Misses Revenue …

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14 hours ago · This quarterly report represents an earnings surprise of -107.69%. A quarter ago, it was expected that this auto parts retailer would post earnings of $0.97 per share when it …

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Advance Auto Parts Stock Tumbles On Earnings Miss, Weak …

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15 hours ago · Investing.com -- Advance Auto Parts, Inc. (NYSE: AAP) shares plunged 9.7% Thursday after the automotive parts retailer reported disappointing third-quarter results and …

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Why Advance Auto Parts Stock Just Crashed 16% | The Motley Fool

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Aug 22, 2024 · Advance Auto Parts is in trouble, and things are getting worse. Advance Auto Parts (AAP -2.77%) stock tumbled 15.8% through 10:35 a.m. ET after the company beat on …

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Why Advance Auto Parts Stock Plunged To Its Lowest Level Of 2024

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Aug 22, 2024 · Advance Auto Parts cut its full year revenue guidance to between $11.15 billion and $11.25 billion, while its diluted EPS is projected at between $2 and $2.50. In both cases, …

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Advance Auto Parts' Stock Sinks After A Surprise, Large Loss While ...

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Nov 15, 2023 · Shares of Advance Auto Parts Inc. (AAP) sank 6.5% in premarket trading Wednesday, after the auto parts seller reported a surprise large fiscal third-quarter loss and …

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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 (AAP) Falls 20% Post Weak Q2 Results: What's Next?

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Aug 26, 2024 · Shares of Advance Auto Parts AAP tumbled 20.6% in the last two trading sessions after it delivered dismal second-quarter results on Aug 22, before the opening bell. The stock …

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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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Why Advance Auto Parts Stock Just Crashed 16% - Yahoo Finance

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Aug 22, 2024 · Heading into the fiscal second-quarter results, analysts forecast the automotive parts retailer would earn $0.94 per share on just under $2.7 billion in sales in the period ended …

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Advance Auto Parts Drops 20% After Disappointing Q2 Earnings

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Aug 22, 2024 · Advance Auto Parts NYSE: AAP witnessed a dramatic plunge in its stock price, falling over 20% in pre-market trading after the company released its second-quarter 2024 …

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Advance Auto Parts Discloses A Loss, Unveils Cost Cuts - MSN

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Advance Auto Parts (ticker: AAP) reported a third-quarter loss of 82 cents a share, while analysts had expected a profit of $1.44 a share. The company posted earnings of $2.84 a share in the …

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These Analysts Slash Their Forecasts On Advance Auto Parts After …

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Nov 16, 2023 · Advance Auto Parts reported third-quarter FY23 sales growth of 2.9% year-on-year to $2.719 billion, beating the analyst consensus of $2.68 billion. The company reported …

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Advance Auto Parts Stock Rises As Cost-Cut Drive Outshines …

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12 hours ago · Shares of Advance Auto Parts Inc. rose nearly 7% early on Thursday as a plan to close hundreds of stores and other belt-tightening measures overshadowed a surprise third …

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Advance Auto Parts Stock Jumps After Better-Than ... - Investopedia

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Feb 28, 2024 · Advance Auto Parts (AAP) posted a surprise fourth-quarter loss, but its earnings outlook sent shares higher on Wednesday. The auto parts retailer reported a loss of $0.59, …

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FAQs about Advanced Auto Parts' stock falls after a surprise quarterly loss, plan ... Coupon?

Why did Advance Auto Parts (AAP) stock surge?

Advance Auto Parts (AAP) shares surged after the auto retailer announced plans Thursday to close hundreds of stores as it posted a surprise quarterly loss. ...

Why did Advance Auto Parts close hundreds of stores?

Advance Auto Parts (AAP) said Thursday that it plans to close hundreds of stores as the auto parts retailer recorded a surprise quarterly loss. The company's shares surged as much as 10% soon after the market open, as investors cheered the news, although its stock is down by over a quarter this year. ...

How did Advance Auto Parts perform in the third quarter?

In the third quarter, Advance reported an adjusted loss of 4 cents per share — down from a loss of $1.19 a year ago. For the full 2024 year, it said it expects earnings to be between a loss of 60 cents per share and breakeven. Advance Auto Parts completed the sale of auto parts wholesaler Worldpac on Nov. 1 for $1.5 billion. ...

How will Advance Auto Parts' restructuring impact its operating income margin?

Advance Auto Parts is aiming to boost its operating income margin by over 500 basis points through fiscal 2027 and expects to incur between $350 million and $750 million in total costs related to the restructuring. In the third quarter, Advance reported an adjusted loss of 4 cents per share — down from a loss of $1.19 a year ago. ...

What changes will advance make in the third quarter?

The changes will be in store operations, including the closure of more than 500 corporate stores and over 200 independent locations; merchandising excellence, and supply chain. The transformation plans accompanied disappointing results for Advance’s third quarter, which ended Oct. 5. ...

Did Advance Auto Parts sell WORLDPAC?

Advance Auto Parts completed the sale of auto parts wholesaler Worldpac on Nov. 1 for $1.5 billion. "We are pleased to have made progress on our strategic actions, including the completion of the sale of Worldpac and a comprehensive operational productivity review of our business," said CEO Shane O'Kelly in a statement. ...