ADVANCE AUTO PARTS INC
For the period ended Jul 13, 2024. Filed Aug 22, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 13, 2024 · Filed Aug 22, 2024
AAP$45.94+1.0%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except per share data) (Unaudited)
| Twelve Weeks Ended | Twenty-Eight Weeks Ended | |||
|---|---|---|---|---|
| July 13, 2024 | July 15, 2023 | July 13, 2024 | July 15, 2023 | |
| Net sales | $2,683,053 | $2,686,066 | $6,089,307 | $6,103,659 |
| Cost of sales, including purchasing and warehousing costs | 1,568,745 | 1,545,611 | 3,545,924 | 3,501,277 |
| Gross profit | 1,114,308 | 1,140,455 | 2,543,383 | 2,602,382 |
| Selling, general and administrative expenses | 1,042,557 | 1,014,495 | 2,385,610 | 2,378,484 |
| Operating income | 71,751 | 125,960 | 157,773 | 223,898 |
| Other, net: | ||||
| Interest expense | (18,668) | (20,869) | (43,543) | (50,587) |
| Other income, net | 9,011 | 1,684 | 7,720 | 1,009 |
| Total other, net | (9,657) | (19,185) | (35,823) | (49,578) |
| Income before provision for income taxes | 62,094 | 106,775 | 121,950 | 174,320 |
| Provision for income taxes | 17,103 | 28,198 | 36,947 | 47,420 |
| Net income | $44,991 | $78,577 | $85,003 | $126,900 |
| Basic earnings per common share | $0.75 | $1.32 | $1.43 | $2.14 |
| Weighted-average common shares outstanding | 59,633 | 59,451 | 59,590 | 59,384 |
| Diluted earnings per common share | $0.75 | $1.32 | $1.42 | $2.13 |
| Weighted-average common shares outstanding | 59,905 | 59,604 | 59,868 | 59,570 |
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