Advance Auto Posts Q1 2026: Revenue $2.6B, Adj. Op. Margin 3.8%, Adj. Diluted EPS $0.77

Advance Auto reported first-quarter 2026 results with net sales of $2.6 billion and comparable store sales up 3.5% versus the prior year. The company delivered adjusted operating income margin of 3.8% (adjusted operating income $99 million) and reported adjusted diluted earnings per share of $0.77 for the quarter. GAAP net income was $24 million and diluted EPS was $0.39.Financial HighlightsNet sales: $2.6 billion for the sixteen weeks ended April 25, 2026.Gross profit: $1.2 billion, representing 45.1% of net sales.Operating income (GAAP): $69 million (2.6% of net sales); Adjusted operating income: $99 million (3.8% of net sales).Net income (GAAP): $24 million; Diluted earnings per share (GAAP): $0.39.Adjusted diluted EPS: $0.77 for Q1 2026.Business HighlightsComparable store sales increased 3.5% in Q1 2026, marking the strongest comparable-sales performance in five years; growth driven by mid-single-digit Pro channel performance and low-single-digit DIY growth.Merchandising initiatives and cycling of prior-year store optimization headwinds supported product margin expansion.SG&A improved as a percentage of sales, reflecting cycling of prior-year store-closure expenses and stronger sales performance; adjusted SG&A was 41.3% of net sales in Q1 2026.Store footprint: opened four stores and closed one during the period, bringing the total to 4,308 company-operated stores as of April 25, 2026; continued conversions related to distribution-to-market-hub strategy are ongoing.Capital allocation: regular cash dividend of $0.25 per share declared on May 19, 2026; full-year 2026 guidance includes approximately $300 million in capital expenditures and ~40–45 store openings.Original SEC Filing: ADVANCE AUTO PARTS INC [ AAP ] - 8-K - May. 21, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.