Advance Auto Parts, Inc.


SKU: AAP-1 Category:


Advance Auto Parts delivered a mixed set of results for the previous quarter with revenues above the analyst consensus. However, it failed to meet the earnings expectations of Wall Street. Their net sales increased during the quarter. During Q2, Advance Auto Parts observed increase in DIY omnichannel and DIFM. Due to ongoing e-commerce momentum, DIY omnichannel outperformed DIFM and produced another quarter of double-digit growth. Motor oil, batteries, brakes, and engine management led the growth in Q2 from a category standpoint. DieHard maintained its strong performance during the quarter and increased its unit share in the battery market. Comparable store sales decreased, with negative comparable store sales in Pro being the main cause. However, the company observed a sequential improvement in each period in both Pro and DIY. Even though DIY multichannel transactions were marginally down, the average ticket increased by mid-single digits. The continued success of their Speed Perks program demonstrates the company’s effectiveness in fostering loyalty among DIY customers. They also announced the availability of its MotoVisuals service and repair animations tool for integration into various third-party DVI software, shop management systems, and marketing platforms utilized by automotive repair shops.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!