Advance Auto Parts 1Q FY2026: Revenue $2.61B, EPS $0.39— 10-Q Summary

Advance Auto Parts Inc. reported first-quarter fiscal 2026 results with revenue of $2.61B, roughly flat net income of $24M and diluted EPS of $0.39 versus the year-ago quarter, driven by higher selling prices and margin improvement.Financial HighlightsRevenue: $2.614B for 1Q FY2026 (sixteen weeks ended Apr 25, 2026), up from $2.583B in the year-ago quarter; YoY change 1.2%.Net income: $24M for 1Q FY2026, equal to $24M in the year-ago quarter; YoY change 0%.Diluted EPS: $0.39 for 1Q FY2026, versus $0.40 in the year-ago quarter; YoY change (2.5%).Business HighlightsRevenue growth: Net sales rose 1.2% year over year with comparable store sales up 3.5%, driven primarily by higher average selling prices.Margin expansion: Gross margin improved 221 basis points to 45.1%, reflecting product margin expansion and fewer low-margin liquidation sales.Cost and SG&A efficiency: SG&A (ex-restructuring) declined 216 basis points to 41.3% versus prior year, aided by store closures and operating cost reductions.Restructuring: The company said the majority of 2024 restructuring costs have been incurred; remaining charges for fiscal 2026 are estimated at $20–$30M.Operations: Net store count increased by 3 to 4,308, with continued focus on improving customer experience for both pro and DIY channels.Original SEC Filing: ADVANCE AUTO PARTS INC [ AAP ] - 10-Q - 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.