NYSE$AAP

Advance Auto Parts Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Advance Auto Parts was significantly impacted by COVID-19, resulting in decreased net sales and comparable store sales. The company prioritized initiatives and increased on balance sheet liquidity.

Advance Auto Parts reported a decrease in net sales and comparable store sales for the first quarter of 2020, primarily due to the impact of COVID-19. Despite the challenges, the company focused on protecting P&L, preserving cash, and increasing liquidity.

  • Net sales for the first quarter of 2020 were $2.7 billion, an 8.6% decrease versus the first quarter of the prior year.
  • Comparable store sales for the first quarter of 2020 decreased 9.3%.
  • Adjusted operating income was $104.3 million in the first quarter of 2020, a decrease of 57.2% versus the first quarter of the prior year.
  • The Company's Adjusted Diluted EPS was $0.91 for the first quarter of 2020, a decrease of 63.0% compared to the first quarter of the prior year.

Headline financials

Total Revenue

$2.7B

Previous: $2.95B-8.6%
EPS (adj)

$0.91

Previous: $2.46-63.0%
Comparable Store Sales

-9.3%

No prior period
Capital Expenditures

-$83M

Previous: -$61.3M-35.3%
Free Cash Flow

-$39.4M

Previous: $81.2M-148.5%
Net Income

$43.6M

Previous: $143M-69.4%
Operating Income

$78.4M

Previous: $208M-62.3%
Gross Profit

$1.17B

Previous: $1.3B-10.1%
Cash & Equivalents

$1.28B

Previous: $537M+138.2%
Total Assets

$12.1B

Previous: $11.1B+8.9%
Stock-Based Comp

$13.8M

Previous: $11M+25.7%

Revenue & EPS history

Advance Auto Parts · Revenue · Quarterly

$2.7B

Q1 2020-8.6%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Company withdrew guidance on April 9th, 2020 and given uncertainties related to the full impact of the COVID-19 pandemic, the Company is not providing guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.4%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-1.4%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+57.0%

Q1 2025

Best reaction

-39.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+18.9%
Q4 2025+1.1%-3.9%-11.1%
Q3 2025-8.4%-12.8%-5.9%
Q2 2025-7.5%-8.9%-1.2%
Q1 2025+57.0%+58.4%+57.8%
Q4 2024-17.8%-22.8%-15.1%
Q3 2024-7.9%-6.0%+7.1%
Q2 2024-20.6%-22.7%-33.8%
Q1 2024-4.6%-3.9%-9.8%
Q4 2023+4.3%+7.6%+31.4%
Q3 2023-8.5%-9.2%+7.4%
Q2 2023+0.8%-2.5%-14.5%
Q1 2023-39.4%-41.5%-37.3%
Q4 2022-1.3%-1.5%-15.7%
Q3 2022-15.0%-19.7%-22.1%
Q2 2022-9.4%-12.5%-17.3%
Q1 2022-0.9%+6.1%-4.0%
Q4 2021-0.2%-1.9%-6.9%
Q3 2021-1.4%-3.8%+0.0%
Q2 2021+2.2%-1.9%+3.0%
Q1 2021-1.8%-0.8%+8.4%
Q4 2020+5.9%+8.6%+20.2%
Q3 2020-0.1%-1.7%+1.0%
Q2 2020-0.1%-3.0%-3.9%
Q1 2020+3.5%+1.8%+12.7%
Q4 2019+4.9%+5.3%-35.6%
Q3 2019-6.1%-3.6%-7.5%
Q2 2019-4.0%-3.9%+9.2%
Q1 2019-0.9%-2.0%-5.0%
Q4 2018-2.3%-5.0%-0.5%
Q3 2018+6.4%+7.3%-0.5%
Q2 2018+9.1%+10.3%+15.1%
Q1 2018+3.4%+4.8%+17.1%
Q4 2017+4.9%+9.0%+5.2%
Q3 2017+11.3%+8.5%+21.8%
Q2 2017-16.3%-14.7%-8.5%
Q1 2017-6.2%-4.6%-14.9%
Q4 2016-1.2%-2.6%-6.7%
Q3 2016+13.3%+12.1%+18.3%
Q2 2016-5.8%-5.8%-11.2%
Q1 2016+1.8%
Q4 2015+1.6%
Q3 2015-17.0%
Q2 2015+8.7%
Q1 2015+6.9%
Q4 2014-7.5%
Q3 2014-5.0%
Q2 2014+6.9%
Q1 2014-1.2%
Q4 2013+12.9%
Q3 2013-0.1%
Q2 2013+1.1%
Q1 2013-2.8%
Q4 2012+8.2%
Q3 2012-1.7%
Q2 2012-2.8%
Q1 2012+1.3%
Q4 2009+1.4%
Q3 2011-1.3%
Q2 2011-0.6%
Q1 2011-1.0%
Q3 2010+0.3%
Q2 2010+0.8%
Q1 2010+2.2%
Q4 2010+2.2%

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