ADVANCE AUTO PARTS INC
For the period ended Oct 5, 2024. Filed Nov 14, 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.
Oct 5, 2024 · Filed Nov 14, 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 | Forty Weeks Ended | |||
|---|---|---|---|---|
| October 5, 2024 | October 7, 2023 | October 5, 2024 | October 7, 2023 | |
| Net sales | $2,147,991 | $2,218,205 | $7,098,302 | $7,194,670 |
| Cost of sales, including purchasing and warehousing costs | 1,240,093 | 1,400,638 | 4,036,898 | 4,154,190 |
| Gross profit | 907,898 | 817,567 | 3,061,404 | 3,040,480 |
| Selling, general and administrative expenses | 907,495 | 896,145 | 2,954,707 | 2,959,238 |
| Operating income (loss) | 403 | (78,578) | 106,697 | 81,242 |
| Other, net: | ||||
| Interest expense | (18,805) | (19,375) | (62,127) | (69,948) |
| Other income (expense), net | 2,393 | (305) | 12,769 | 232 |
| Total other, net | (16,412) | (19,680) | (49,358) | (69,716) |
| (Loss) income before provision for income taxes | (16,009) | (98,258) | 57,339 | 11,526 |
| Provision for income taxes | 9,354 | (24,072) | 34,763 | 6,360 |
| Net (loss) income from continuing operations | (25,363) | (74,186) | 22,576 | 5,166 |
| Net income from discontinued operations | 19,349 | 12,149 | 56,413 | 59,696 |
| Net (loss) income | $(6,014) | $(62,037) | $78,989 | $64,862 |
| Basic (loss) earnings per common share from continuing operations | $(0.42) | $(1.25) | $0.38 | $0.09 |
| Basic earnings per common share from discontinued operations | 0.32 | 0.20 | 0.95 | 1.00 |
| Basic (loss) earnings per common share | $(0.10) | $(1.05) | $1.33 | $1.09 |
| Basic weighted-average common shares outstanding | 59,684 | 59,474 | 59,618 | 59,411 |
| Diluted (loss) earnings per common share from continuing operations | $(0.42) | $(1.24) | $0.38 | $0.09 |
| Diluted earnings per common share from discontinued operations | 0.32 | 0.20 | 0.94 | 1.00 |
| Diluted (loss) earnings per common share | $(0.10) | $(1.04) | $1.32 | $1.09 |
| Diluted weighted-average common shares outstanding | 59,902 | 59,630 | 59,878 | 59,588 |
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