The company warned it could incur up to $750 million of total costs related to the restructuring.
The car-parts retailer announces plans to close hundreds of stores as part of a financial plan to refresh the business.
AAP expects 2024 net sales of around $9 billion, down from the prior-guided range of $11.15-$11.25 billion.
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 headline numbers for Advance Auto Parts (AAP) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Advance Auto Parts (AAP) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.52. This compares to loss of $0.82 per share a year ago.
U.S. stock futures were higher this morning, with the Dow futures gaining more than 50 points on Thursday.
Advance Auto Parts' stock falls after a quarterly loss, and release of a plan to close more than 500 company stores and four distribution centers.
Advance Auto Parts, Inc. AAP will release earnings results for its third quarter, before the opening bell on Thursday, Nov. 14.
Advance Auto Parts, Inc. AAP will release earnings results for its third quarter, before the opening bell on Thursday, Nov. 14.
Get a deeper insight into the potential performance of Advance Auto Parts (AAP) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Advance Auto Parts (AAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.