<span item_type="fundamental" item_id="7ac66cca01b9b6cc09605678a8feb70f" counter_id="ST/US/AAP" env="prod"></span><span item_type="announcement" item_id="650909883151421953" env="prod"></span><p>Revenue: As of FY2027 Q1, the actual value is USD 2.614 B, missing the estimate of USD 2.627 B.</p><p>EPS: As of FY2027 Q1, the actual value is USD 0.39, missing the estimate of USD 0.9425.</p><p></p><p>Advance Auto Parts, Inc. operates as a single reportable segment, “Advance Auto Parts/Carquest,” with the Chief Executive Officer primarily focusing on net income to evaluate performance and allocate resources, thus no segmented financial metrics are presented <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Revenue</h4><p>For the sixteen weeks ended April 25, 2026, net sales for 领先汽车配件 increased by 1.2% to $2,614 million, up from $2,583 million in the prior year period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. Comparable store sales increased by 3.5% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. This net sales increase was driven by higher average sales prices, partially offset by lower transaction volume and sales reduction from store closures under the 2024 Restructuring Plan <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Product Group Revenue Distribution</h4><p>As of April 25, 2026, “Parts and Batteries” accounted for 64% of net sales, “Accessories and Chemicals” for 21%, “Engine Maintenance” for 14%, and “Other” for 1% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. In the prior year period (April 19, 2025), “Parts and Batteries” was 62%, “Accessories and Chemicals” 23%, “Engine Maintenance” 14%, and “Other” 1% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Gross Profit</h4><p>Gross profit for the sixteen weeks ended April 25, 2026, was $1,180 million, representing 45.1% of net sales <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. This marks an increase of 221 basis points from 42.9% ($1,109 million) in the prior year, primarily due to product margin expansion and the reduced negative impact from lower margin liquidation sales associated with the 2024 Restructuring Plan <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Operating Expenses</h4><p>Selling, general and administrative (SG&amp;A) expenses, excluding restructuring and related expenses, were $1,079 million (41.3% of net sales) for the sixteen weeks ended April 25, 2026, a decrease from $1,122 million (43.4% of net sales) in the prior year, mainly due to operating costs eliminated from store closures <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. Restructuring and related expenses significantly decreased to $32 million (1.2% of net sales) from $118 million (4.6% of net sales) in the comparable prior period, as the majority of costs for the 2024 Restructuring Plan were incurred by the end of the first quarter of fiscal 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Operating Income (Loss)</h4><p>Operating income for the sixteen weeks ended April 25, 2026, was $69 million (2.6% of net sales), a substantial improvement from an operating loss of -$131 million (-5.1% of net sales) in the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Other Income and Expenses</h4><p>Interest expense increased to -$65 million for the sixteen weeks ended April 25, 2026, from -$27 million in the prior year, attributed to a higher principal amount of long-term debt from a Q3 fiscal 2025 issuance <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. Other income, net, rose to $31 million, compared to $27 million, due to higher interest income from increased cash and cash equivalents, partially offset by lower income from the Worldpac transition services agreement <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Income Tax Expense (Benefit)</h4><p>Income tax expense was $11 million for the sixteen weeks ended April 25, 2026, compared to an income tax benefit of -$155 million in the prior year, which included a -$126 million discrete tax benefit from an internal legal entity restructuring event <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Net Income</h4><p>Net income remained consistent at $24 million for both the sixteen weeks ended April 25, 2026, and April 19, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities was -$19 million for the sixteen weeks ended April 25, 2026, representing a favorable change of $137 million compared to -$156 million in the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. This improvement was primarily due to lower cash charges from the 2024 Restructuring Plan and other changes in net working capital <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Cash Flow from Investing Activities</h4><p>Net cash used in investing activities of continuing operations increased to -$57 million from -$27 million in the prior year, driven by higher spending on property and equipment, partially offset by lower proceeds from sales <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. Net cash used in investing activities of discontinued operations was -$55 million due to the final working capital payment related to the Worldpac sale, compared to zero in the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Cash Flow from Financing Activities</h4><p>Net cash used in financing activities increased to -$37 million from -$17 million in the prior year, primarily due to two dividend payments made in the current period compared to one in the prior period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Liquidity</h4><p>Cash and cash equivalents decreased to $2,956 million as of April 25, 2026, from $3,123 million as of January 3, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. This decrease was mainly due to the -$55 million final working capital payment for the Worldpac sale, -$55 million for property and equipment purchases (net of sales), -$30 million in dividends, and -$19 million net cash used in operating activities <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. Advance Auto Parts, Inc. had $896 million in borrowing availability under its ABL Facility as of April 25, 2026, with no outstanding borrowings, and approximately $2.3 billion of cash and cash equivalents were designated as Qualified Cash under the ABL Facility <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. The company believes its cash and cash equivalents and liquidity sources will meet its working capital needs for at least the next 12 months and the foreseeable future <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p><h4>Restructuring Plan Outlook</h4><p>Substantially all costs under the restructuring plans have been incurred as of April 25, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>. 领先汽车配件 estimates it will incur additional expenses of approximately $20 million to $30 million through fiscal 2026 related to active restructuring plans, primarily consisting of conversion costs for distribution centers and severance/personnel expenses <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1158449/000119312526234388/aap-20260425.htm"></span>.</p>

Advance Auto Parts | 10-Q: FY2027 Q1 Revenue Misses Estimate at USD 2.614 B