NYSE$AAP
Advance Auto Parts Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Advance Auto Parts reported flat net sales and positive comparable store sales growth amidst a challenging demand environment.
Advance Auto Parts reported flat net sales of $2.7 billion compared to the prior year, with a comparable store sales increase of 0.4%. Gross profit decreased by 2.3% to $1.1 billion, and diluted EPS was $0.75, down from $1.32 in the second quarter of the previous year. The company announced the sale of Worldpac for $1.5 billion to strengthen the balance sheet and streamline focus.
- Net sales totaled $2.7 billion, flat compared to the prior year.
- Comparable store sales increased by 0.4%.
- Gross profit decreased 2.3% to $1.1 billion, with a gross profit margin of 41.5%.
- Diluted EPS was $0.75, compared to $1.32 in the prior year.
Headline financials
Revenue & EPS history
Advance Auto Parts · Revenue · Quarterly
$2.68B
Forward guidance
Advance Auto Parts provided full year 2024 guidance with net sales between $11.15 billion and $11.25 billion, comparable store sales between -1.0% and 0.0%, operating income margin between 2.1% and 2.5%, diluted EPS between $2.00 and $2.50, capital expenditures between $200 million and $250 million, and minimum free cash flow of $100 million.
Tailwinds
- Net sales between $11,150 million and $11,250 million
- Operating income margin between 2.1% and 2.5%
- Diluted EPS between $2.00 and $2.50
- Capital expenditures between $200 million and $250 million
- Minimum free cash flow of $100 million
Headwinds
- Comparable store sales between -1.0% and 0.0%
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 Q2 2024
-0.5%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-0.9%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+57.0%
Q1 2025
Best reaction
-39.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +13.3% | +7.5% | +17.3% | |
| 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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