--- title: "Advance Auto Parts | 10-Q: FY2027 Q1 Revenue Misses Estimate at USD 2.614 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/287266051.md" datetime: "2026-05-21T20:04:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287266051.md) - [en](https://longbridge.com/en/news/287266051.md) - [zh-HK](https://longbridge.com/zh-HK/news/287266051.md) --- # Advance Auto Parts | 10-Q: FY2027 Q1 Revenue Misses Estimate at USD 2.614 B Revenue: As of FY2027 Q1, the actual value is USD 2.614 B, missing the estimate of USD 2.627 B. EPS: As of FY2027 Q1, the actual value is USD 0.39, missing the estimate of USD 0.9425. 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 . #### Revenue 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 . Comparable store sales increased by 3.5% . 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 . #### Product Group Revenue Distribution 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% . In the prior year period (April 19, 2025), “Parts and Batteries” was 62%, “Accessories and Chemicals” 23%, “Engine Maintenance” 14%, and “Other” 1% . #### Gross Profit Gross profit for the sixteen weeks ended April 25, 2026, was $1,180 million, representing 45.1% of net sales . 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 . #### Operating Expenses Selling, general and administrative (SG&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 . 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 . #### Operating Income (Loss) 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 . #### Other Income and Expenses 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 . 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 . #### Income Tax Expense (Benefit) 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 . #### Net Income Net income remained consistent at $24 million for both the sixteen weeks ended April 25, 2026, and April 19, 2025 . #### Cash Flow from Operating Activities 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 . This improvement was primarily due to lower cash charges from the 2024 Restructuring Plan and other changes in net working capital . #### Cash Flow from Investing Activities 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 . 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 . #### Cash Flow from Financing Activities 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 . #### Liquidity Cash and cash equivalents decreased to $2,956 million as of April 25, 2026, from $3,123 million as of January 3, 2026 . 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 . 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 . 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 . #### Restructuring Plan Outlook Substantially all costs under the restructuring plans have been incurred as of April 25, 2026 . 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 . ### Related Stocks - [AAP.US](https://longbridge.com/en/quote/AAP.US.md) ## Related News & Research - [Advance Auto Parts slightly beats Q1 revenue estimates, reaffirms 2026 guidance](https://longbridge.com/en/news/287203025.md) - [Research Alert: CFRA Maintains Hold Opinion On Shares Of Advance Auto Parts Inc.](https://longbridge.com/en/news/287243456.md) - [Advance Auto Parts 1Q FY2026: Revenue $2.61B, EPS $0.39— 10-Q Summary](https://longbridge.com/en/news/287267567.md) - [Copart Reports Third Quarter Fiscal 2026 Financial Results | CPRT Stock News](https://longbridge.com/en/news/287267665.md) - [Advance Auto Parts Inc. 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