NYSE$AAP
Advance Auto Parts Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Advance Auto Parts reported a strong fourth quarter and a record full year in 2021.
Advance Auto Parts reported a 1.3% increase in net sales to $2.4 billion for the fourth quarter of 2021. Comparable store sales growth was 8.2%. The company's adjusted diluted EPS was $2.07, an increase of 35.4% compared to the prior year. The company is introducing full year 2022 guidance.
- Net sales totaled $2.4 billion, a 1.3% increase compared with the fourth quarter of the prior year.
- Comparable store sales growth for the fourth quarter 2021 was 8.2%.
- Adjusted gross profit increased 12.1% from the comparative 12 weeks in the fourth quarter of 2020 to $1.1 billion in the fourth quarter of 2021.
- Adjusted diluted EPS was $2.07 in the fourth quarter of 2021, an increase of 35.4% compared with the comparative 12 weeks in the same quarter of the prior year.
Headline financials
Revenue & EPS history
Advance Auto Parts · Revenue · Quarterly
$2.4B
Forward guidance
Full Year 2022 Guidance: Net sales between $11.2 billion and $11.5 billion, comparable store sales growth between 1.0% and 3.0%, adjusted operating income margin between 10.0% and 10.2%, adjusted diluted EPS between $13.20 and $13.75, capital expenditures between $300 million and $350 million, minimum free cash flow of $775 million, and share repurchases between $500 million and $700 million.
Tailwinds
- Net sales between $11,200 million and $11,500 million
- Comparable store sales between 1.0% and 3.0%
- Adjusted operating income margin between 10.0% and 10.2%
- Income tax rate between 24.0% and 26.0%
- Adjusted diluted EPS between $13.20 and $13.75
Headwinds
- Capital expenditures between $300 million and $350 million
- Minimum free cash flow of $775 million
- Share repurchases between $500 million and $700 million
- New store and branch openings between 125 and 150
- Macroeconomic uncertainty related to the acceleration of inflation across the economy and the impact it could have on our core customer
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 Q4 2021
-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
| Quarter | Report date | Reaction (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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