Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the fourth quarter and full year ended December 30, 2023.
"As we closed out 2023, we continued to act with a sense of urgency to stabilize the business and position the company to return to profitable growth," said Shane O'Kelly, president and chief executive officer. "Our full year results are well below our expectations, and we are focused on instilling greater discipline and accountability both in the fundamental business and in how the organization executes across the board. In addition to the operational improvements we are implementing, we are strengthening internal controls and enhancing the quality of our accounting information to help better inform how we drive the business forward.
"We continue to advance our ongoing operational and strategic review of the business, including the separate sales processes for Worldpac and our Canadian business. We have streamlined and reorganized the company's leadership structure and have made several important new hires, including the appointments of Ryan Grimsland as Chief Financial Officer and Elizabeth Dreyer as Chief Accounting Officer. Building on the $150 million in annualized SG&A reductions our team executed in the fourth quarter, we recently launched an initiative to eliminate costs related to our indirect spend by an additional $50 million on an annualized basis. We are also moving forward with the consolidation of our supply chain to a single, unified network to create efficiencies and better serve customers. Looking ahead, we are committed to driving enhanced value for shareholders by executing on the fundamentals of our business - focusing on the customer, investing in our frontline and strengthening our competitive position."
Fourth Quarter and Full Year 2023 Results (1)
Fourth quarter 2023 Net sales totaled $2.5 billion, a 0.4% decrease compared with the prior year. Comparable store sales for the fourth quarter 2023 decreased 1.4%. For full year 2023, Net sales of $11.3 billion increased 1.2% from 2022. Comparable store sales for the full year decreased 0.3%.
The company's Gross profit decreased 11.9% from the fourth quarter of the prior year to $950.8 million or 38.6% of Net sales compared with 43.6% in the prior year quarter. This result reflects both business performance and atypical drivers, primarily attributable to a change in inventory related items and elevated supply chain costs. The company's full year Gross profit was $4.5 billion, or 40.1% of Net sales, representing a 414 basis points decrease from the prior year primarily driven by inventory related items and costs not fully covered by pricing actions.
The company's SG&A was $999.4 million in the fourth quarter, or 40.6% of Net sales compared with 38.8% for the prior year quarter. This was primarily driven by a year over year increase in occupancy costs and store labor. The company's full year SG&A was $4.4 billion, or 39.1% of Net sales compared with 38.2% in the prior year.
The company's fourth quarter Operating loss was $48.6 million, or (2.0)% of Net sales compared with the fourth quarter of the prior year Operating income of $119.3 million or 4.8% of Net sales. The company's full year Operating income was $114.4 million, or 1.0% of Net sales, compared with $670.3 million, or 6.0% of Net sales, in the prior year.
The company's effective tax rate in the fourth quarter of 2023 was 42.3%. The company's Diluted loss per share was $0.59 compared with Diluted earnings per share of $1.39 in the fourth quarter of the prior year. The company's effective tax rate for full year 2023 was 6.6%. The company's 2023 Diluted earnings per share was $0.50 compared with $7.65 in the prior year.
Net cash provided by operating activities was $0.3 billion for the full year 2023 versus $0.7 billion for the prior year. The decrease was primarily driven by lower Net income and working capital. Free cash flow for the full year 2023 was $43.7 million, compared with $312.5 million for the prior year.
During management's review, the company identified issues with certain previously reported financials. All comparisons are based on the corrected historical results as depicted in the financial tables herein, which include the correction of non-material errors in previously reported results.
The company filed a Form 12b-25 with the Securities and Exchange Commission and disclosed that it expects to file its Form 10-K prior to the expiration of the extension period.
(1) All comparisons are based on the same time period in the prior year. Comparable store sales include locations open for 13 complete accounting periods and excludes sales to independently owned Carquest locations.
Capital Allocation
On February 13, 2024, the company declared a regular cash dividend of $0.25 per share to be paid on April 26, 2024 to all common stockholders of record as of April 12, 2024.
Subsequent Events
On February 26, 2024, the company entered into an amendment to its revolving credit facility to enable certain addbacks to financial covenants for specific write-downs of inventory and vendor receivables. As of December 30, 2023, considering the amendment, the company was in compliance with the credit facility's financial covenants.
Full Year 2024 Guidance (1)
"In 2024, we are refining our operational improvement plans and building on the decisive actions we have taken to turn around the company's performance. We are committed to improving overall productivity and taking a disciplined approach to reducing expenses, which will support our focus on investing in our team members. Our 2024 full year guidance is reflective of the steps we must take to reset the business and solidify our foundation for the long term," said Ryan Grimsland, executive vice president and chief financial officer.
 | 2024
----------------------------------------------------------------------------------------------------------------
($ in millions, except per share data) Low High
---------------------------------------------- ----------------------------------------------
Net sales $ 11,300 $ 11,400
Comparable store sales (2) 0.0 % 1.0 %
Operating income margin 3.2 % 3.5 %
Diluted EPS $ 3.75 $ 4.25
Capital expenditures $ 200 $ 250
| |
| (1)
The company is providing guidance as of February 28, 2024, which does not reflect any potential future acquisitions, dispositions or share repurchases.
(2)
Comparable store sales include locations open for 13 complete accounting periods and excludes sales to independently owned Carquest locations.
| |
Investor Conference Call
The company will detail its results for the fourth quarter and full year 2023 via a webcast scheduled to begin at 8 a.m. Eastern Time on Wednesday, February 28, 2024. The webcast will be accessible via the Investor Relations page of the company's website (ir.AdvanceAutoParts.com).
To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a registrant ID. While registration is open through the live call, the company suggests registering a minimum 10 minutes before the start of the call. A replay of the conference call will be available on the company's Investor Relations website for one year.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of December 30, 2023, Advance operated 4,786 stores and 321 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,245 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.
Forward-Looking Statements
Certain statements herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "guidance," "intend," "likely," "may," "plan," "position," "possible," "potential," "probable," "project," "should," "strategy," "will," or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about our strategic initiatives, operational plans and objectives, our ability to complete the potential divestiture of Worldpac and the company's Canada business, the timing of the filing of our Annual Report on Form 10-K, improvements to our internal controls and expectations for economic conditions, future business results and future financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect our views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, factors related to the company's leadership transition, the timing and implementation of our initiatives, our potential divestiture of Worldpac and the company's Canada business, our ability to hire, train and retain qualified employees, deterioration of general macroeconomic conditions, the highly competitive nature of our industry, demand for our products and services, complexities in our inventory and supply chain and challenges with transforming and growing our business. Please refer to "Item 1A. Risk Factors" of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), as updated by our subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
| Advance Auto Parts, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
---------------------------------- ------------------------------
December 30, December 31,
2023 (1) 2022 (1,2)
Assets
---------------------------------------
Current assets:
$ 503,471 $ 270,805
Cash and cash equivalents
800,141 684,048
Receivables, net
4,857,702 4,896,269
Inventories
215,707 163,695
Other current assets
-------------------- -------------- -------------------- ----------
6,377,021 6,014,817
Total current assets
Property and equipment, net 1,648,546 1,690,139
Operating lease right-of-use assets 2,578,776 2,607,690
Goodwill 991,743 990,471
Other intangible assets, net 593,341 620,901
Other assets 86,899 62,429
-------------------- -------------- -------------------- ----------
$ 12,276,326 $ 11,986,447
Total assets
==================== ============== ==================== ==========
Liabilities and Stockholders' Equity
---------------------------------------
Current liabilities:
$ 4,177,974 $ 4,178,907
Accounts payable
671,237 629,464
Accrued expenses
-- 185,000
Current portion of long-term debt
458,194 427,480
Other current liabilities
-------------------- -------------- -------------------- ----------
5,307,405 5,420,851
Total current liabilities
Long-term debt 1,786,361 1,188,283
Non-current operating lease liabilities 2,215,766 2,278,318
Deferred income taxes 362,542 410,749
Other long-term liabilities 84,524 89,054
Total stockholders' equity 2,519,728 2,599,192
-------------------- -------------- -------------------- ----------
| |
| (1)
This preliminary condensed consolidated balance sheet has been prepared on a basis consistent with the company's previously prepared balance sheets filed with the Securities and Exchange Commission ("SEC"), but does not include the footnotes required by accounting principles generally accepted in the United States of America ("GAAP").
| |
| Advance Auto Parts, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
Twelve Weeks Ended Twelve Weeks Ended Fifty-Two Weeks Ended Fifty-Two Weeks Ended
------------------------------------------------------ ------------------------------------------------------ ------------------------------------------------------ --------------------------------------------------
December 30, December 31, December 30, December 31,
2023 (1) 2022 (1,2) 2023 (1) 2022 (1,2)
------------------------------------------------------ ------------------------------------------------------ ------------------------------------------------------ --------------------------------------------------
Net sales $ 2,464,869 $ 2,473,745 $ 11,287,607 $ 11,154,722
Cost of sales 1,514,028 1,394,853 6,764,105 6,222,487
-------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- ---------- --------------------
950,841 1,078,892 4,523,502 4,932,235
Gross profit
999,407 959,583 4,409,125 4,261,982
Selling, general and administrative expenses
-------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- ---------- --------------------
(48,566 ) 119,309 114,377 670,253
Operating (loss) income
-------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- ---------- --------------------
Other, net:
(18,062 ) (15,946 ) (88,055 ) (51,060 )
Interest expense
-- -- -- (7,408 )
Loss on early redemptions of senior unsecured notes
5,731 (2,141 ) 5,525 (7,423 )
Other income (expense), net
-------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- ---------- --------------------
(12,331 ) (18,087 ) (82,530 ) (65,891 )
Total other, net
-------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- ---------- --------------------
(60,897 ) 101,222 31,847 604,362
(Loss) Income before provision for income taxes
Provision for income taxes (25,770 ) 18,318 2,112 139,960
-------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- -------------- -------------------- -------------------- ---------- --------------------
Net (loss) income $ (35,127 ) $ 82,904 $ 29,735 $ 464,402
==================== ==================== ============== ==================== ==================== ============== ==================== ==================== ============== ==================== ==================== ========== ====================
Basic (loss) earnings per common share $ (0.59 ) $ 1.40 $ 0.50 $ 7.70
Weighted average common shares outstanding 59,504 59,333 59,432 60,351
Diluted (loss) earnings per common share $ (0.59 ) $ 1.39 $ 0.50 $ 7.65
| |
| (1)
These preliminary condensed consolidated statements of operations have been prepared on a basis consistent with the company's previously prepared statements of operations filed with the SEC, but do not include the footnotes required by GAAP.
| |
| Advance Auto Parts, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
Fifty-Two Weeks Ended
----------------------------------------------------------------------------------------------------------------------------
December 30, December 31,
2023 (1) 2022 (1,2)
------------------------------------------------------ --------------------------------------------------
Cash flows from operating activities:
$ 29,735 $ 464,402
Net income
306,454 283,800
Depreciation and amortization
45,647 50,978
Share-based compensation
-- 7,408
Loss on early redemption of senior unsecured notes
(47,782 ) 16,528
Provision for deferred income taxes
2,813 6,168
Other, net
Net change in:
(114,665 ) 67,147
Receivables, net
44,821 (229,643 )
Inventories
(4,645 ) 227,774
Accounts payable
115,673 (167,723 )
Accrued expenses
(91,987 ) 9,732
Other assets and liabilities, net
-------------------- -------------- -------------------- -------------------- ---------- --------------------
286,064 736,571
Net cash provided by operating activities
-------------------- -------------- -------------------- -------------------- ---------- --------------------
Cash flows from investing activities:
(242,411 ) (424,061 )
Purchases of property and equipment
-- (1,900 )
Purchase of intangible asset
6,922 1,513
Proceeds from sales of property and equipment
-------------------- -------------- -------------------- -------------------- ---------- --------------------
(235,489 ) (424,448 )
Net cash used in investing activities
-------------------- -------------- -------------------- -------------------- ---------- --------------------
Cash flows from financing activities:
-- (201,081 )
Payments on senior unsecured notes
4,805,000 2,035,000
Borrowings under credit facilities
(4,990,000 ) (1,850,000 )
Payments on credit facilities
599,571 348,618
Proceeds from issuance of senior unsecured notes, net
(209,293 ) (336,230 )
Dividends paid
(14,518 ) (618,480 )
Repurchases of common stock
(182 ) 1,469
Other, net
-------------------- -------------- -------------------- -------------------- ---------- --------------------
190,578 (620,704 )
Net cash provided by (used in) financing activities
-------------------- -------------- -------------------- -------------------- ---------- --------------------
Effect of exchange rate changes on cash (8,487 ) (8,664 )
-------------------- -------------- -------------------- -------------------- ---------- --------------------
Net increase (decrease) in cash and cash equivalents 232,666 (317,245 )
Cash and cash equivalents, beginning of period 270,805 588,050
-------------------- -------------- -------------------- -------------------- ---------- --------------------
| |
| (1)
This preliminary condensed consolidated statement of cash flows has been prepared on a basis consistent with the company's previously prepared statements of operations filed with the SEC, but does not include the footnotes required by GAAP.
| |
Restatement of Previously Issued Financial Statements
In connection with the preparation of the financial statements for the fourth quarter of 2023, the company identified additional errors primarily impacting cost of sales and selling, general and administrative costs. The company evaluated the errors and determined that the related impacts were not material to the previously issued consolidated financial statements for any prior period. A summary of the corrections to the impacted financial statement line items in our Consolidated Balance Sheet as of December 31, 2022 and our Consolidated Statements of Operations for the and Consolidated Statement of Cash Flows for the year ended December 31, 2022 included in our previously filed Annual Report on Form 10-K and our Consolidated Statements of Operations for the twelve weeks ended December 31, 2022 included in our previously filed Form 8-K and earnings release are presented below:
| Condensed Consolidated Balance Sheet
December 31, 2022
As Previously Reported Adjustments As Corrected
-------------------------------------------------- ----------------------------------------------- --------------------------------------------------
Assets
---------------------------------------------------------------
Cash and cash equivalents $ 269,282 $ 1,523 $ 270,805
Receivables, net 698,613 (14,565 ) 684,048
Inventories, net 4,915,262 (18,993 ) 4,896,269
Total current assets 6,046,852 (32,035 ) 6,014,817
Total assets $ 12,018,482 $ (32,035 ) $ 11,986,447
Liabilities and Stockholders' Equity
---------------------------------------------------------------
Accounts payable $ 4,123,462 $ 55,445 $ 4,178,907
Accrued expenses 634,447 (4,983 ) 629,464
Total current liabilities 5,370,389 50,462 5,420,851
Deferred income taxes 415,997 (5,248 ) 410,749
Other long-term liabilities 87,214 1,840 89,054
Total liabilities 9,340,201 47,054 9,387,255
Accumulated other comprehensive loss (45,143 ) 448 (44,695 )
Retained earnings 4,744,624 (79,537 ) 4,665,087
Total stockholders' equity 2,678,281 (79,089 ) 2,599,192
| |
| Condensed Consolidated Statement of Operations
December 31, 2022
Twelve Weeks Ended Fifty-Two Weeks Ended
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
As Previously Adjustments As As Previously Adjustments As
Reported Corrected Reported Corrected
------------------------------------------------- ----------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------- ----------------------------------------------- -------------------------------------------------
Cost of sales $ 1,383,734 $ 11,119 $ 1,394,853 $ 6,192,622 $ 29,865 $ 6,222,487
Gross profit 1,090,011 (11,119 ) 1,078,892 4,962,100 (29,865 ) 4,932,235
Selling, general and administrative 958,009 1,574 959,583 4,247,949 14,033 4,261,982
expenses
Operating income 132,002 (12,693 ) 119,309 714,151 (43,898 ) 670,253
Other (expense) income, net 11,320 (13,461 ) (2,141 ) (6,996 ) (427 ) (7,423 )
Total other, net (4,626 ) (13,461 ) (18,087 ) (65,464 ) (427 ) (65,891 )
Income before provision for income 127,376 (26,154 ) 101,222 648,687 (44,325 ) 604,362
taxes
Provision for income taxes 20,679 (2,361 ) 18,318 (146,815 ) 6,855 (139,960 )
Net income $ 106,697 $ (23,793 ) $ 82,904 $ 501,872 $ (37,470 ) $ 464,402
Basic earnings per share $ 1.80 $ (0.40 ) $ 1.40 $ 8.32 $ (0.62 ) $ 7.70
| |
| Condensed Consolidated Statement of Cash Flows
Fifty-Two Weeks Ended December 31, 2022
As Previously Reported Adjustments As Corrected
------------------------------------------------ ----------------------------------------------- ------------------------------------------------
Net income $ 501,872 $ (37,470 ) $ 464,402
Provision for deferred income taxes 6,338 10,190 16,528
Net change in:
Receivables, net 81,254 (14,107 ) 67,147
Inventories, net (272,253 ) 42,610 (229,643 )
Accounts payable 212,568 15,206 227,774
Accrued expenses (165,643 ) (2,080 ) (167,723 )
Net cash provided by operating activities 722,222 14,349 736,571
Effect of exchange rate changes on cash (9,216 ) 552 (8,664 )
Net (decrease) increase in cash and cash equivalents (332,146 ) 14,901 (317,245 )
Cash and cash equivalents, beginning of period 601,428 (13,378 ) 588,050
| |
Reconciliation of Non-GAAP Financial Measures
The company's financial results include certain financial measures not derived in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management uses Free cash flow as a measure of its liquidity and believes it is a useful indicator for potential investors of the company's ability to implement growth strategies and service debt. Free cash flow is a non-GAAP measure and should be considered in addition to, but not as a substitute for, information contained in the company's condensed consolidated statement of cash flows as a measure of liquidity.
| Reconciliation of Free Cash Flow:(1)
------------------------------------
Fifty-Two Weeks Ended
--------------------------------------------------------------------------------------------------------------------
(in thousands) December 30, December 31,
2023 2022
------------------------------------------------ ------------------------------------------------
Cash flows from operating activities $ 286,064 $ 736,571
Purchases of property and equipment (242,411 ) (424,061 )
-------------------- -------- -------------------- -------------------- -------- --------------------
| |
| Adjusted Debt to Adjusted EBITDAR Ratio: (1)
--------------------------------------------------------------
Four Quarters Ended
----------------------------------------------------------------------------------------------------------------------
(in thousands, except adjusted debt to adjusted EBITDAR ratio) December 30, December 31,
2023 2022
------------------------------------------------- -------------------------------------------------
Total GAAP debt $ 1,786,361 $ 1,373,283
2,660,827 2,692,861
Add: Operating lease liabilities
-------------------- --------- -------------------- -------------------- --------- --------------------
Adjusted debt $ 4,447,188 $ 4,066,144
==================== ========= ==================== ==================== ========= ====================
GAAP Net income $ 29,735 $ 464,402
306,454 283,800
Depreciation and amortization
88,055 51,060
Interest expense
(5,525 ) 7,423
Other expense (income), net
2,112 139,960
Provision for income taxes
613,859 594,838
Rent expense
45,647 50,978
Share-based compensation
12,419 7,408
Other nonrecurring charges(2)
29,719 37,083
Transformation related charges
-------------------- --------- -------------------- -------------------- --------- --------------------
Adjusted EBITDAR $ 1,122,475 $ 1,636,952
==================== ========= ==================== ==================== ========= ====================
| |
| (1)
The fifty-two weeks ended December 31, 2022 reflect the corrected results as depicted in the financial tables herein, which include the correction of non-material errors the company discovered in previously reported results.
| |
NOTE: Management believes its Adjusted Debt to Adjusted EBITDAR ratio ("leverage ratio") is a key financial metric for debt securities, as reviewed by rating agencies, and believes its debt levels are best analyzed using this measure. The company's goal is to maintain an investment grade rating. The company's credit rating directly impacts the interest rates on borrowings under its existing credit facility and could impact the company's ability to obtain additional funding. If the company was unable to maintain its investment grade rating, this could negatively impact future performance and limit growth opportunities. Similar measures are utilized in the calculation of the financial covenants and ratios contained in the company's financing arrangements. The leverage ratio calculated by the company is a non-GAAP measure and should not be considered a substitute for debt to net earnings, net earnings or debt as determined in accordance with GAAP. The company adjusts the calculation to remove rent expense and to add back the company's existing operating lease liabilities related to their right-of-use assets to provide a more meaningful comparison with the company's peers and to account for differences in debt structures and leasing arrangements. The company's calculation of its leverage ratio might not be calculated in the same manner as, and thus might not be comparable to, similarly titled measures by other companies.
Store Information:
During the fifty-two weeks ended December 30, 2023, 61 stores and branches were opened and 40 were closed or consolidated, resulting in a total of 5,107 stores and branches as of December 30, 2023, compared with a total of 5,086 stores and branches as of December 31, 2022.
The below table summarizes the changes in the number of company-operated stores and branches during the twelve and fifty-two weeks ended December 30, 2023:
| Twelve Weeks Ended
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
AAP CARQUEST WORLDPAC (1) Total
------------------------- -------------------- ---------------------------------- -------------------- -------------- -------------------- ----------------------------------
October 7, 2023 4,477 308 320 5,105
9 -- 1 10
New
(3 ) (5 ) -- (8 )
Closed
1 (1 ) -- --
Relocated
----- -------------------- -------------- -------------------- -------------- -------------- --------------------
| |
| Fifty-Two Weeks Ended
-------------------------------------------------------------------------------------------------------------------------------------------------------------
AAP CARQUEST WORLDPAC (1) Total
------------------------- -------------------- ------------------------ -------------------- -------------- -------------------- ----------------------------------
December 31, 2022 4,440 330 316 5,086
55 1 5 61
New
(13 ) (27 ) -- (40 )
Closed
2 (2 ) -- --
Relocated
----- -------------------- ---- -------------------- -------------- -------------- --------------------
| |
| (1)
Certain converted Autopart International (AI) locations will remain branded as AI going forward.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240227515136/en/
SOURCE: Advance Auto Parts, Inc."><Property FormalName="PrimaryTwitterHandle" Value="@AdvanceAutoCorp
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|
Investor Relations Contact:
Elisabeth Eisleben
T: (919) 227-5466
E: invrelations@advanceautoparts.com
Media Contact:
Darryl Carr
T: (984) 389-7207
E: darryl.carr@advance-auto.com
| |
COMTEX_448476176/1006/2024-02-28T06:30:00 |
1.86% $1.39
