Overview

• Advance Auto Parts delivered adjusted EPS of $0.69 and revenue of $2.01 billion in Q2, topping analysts’ estimates despite an 8% year-over-year sales decline.
• The company reduced its full-year adjusted EPS guidance to $1.20–$2.20 per share from a prior range of $1.50–$2.50, signaling caution on earnings growth.
• To bolster liquidity, Advance Auto Parts priced $1.95 billion in senior notes due 2030 and 2033 on July 28 and secured a new five-year, $1 billion asset-based revolving credit facility.
• The guidance cut and additional debt commitments prompted a roughly 15% drop in AAP shares on Aug. 14, though the stock remains about 12% higher year to date.
• Comparable-store sales rose 0.1%, driven by commercial Pro segment expansion and signs of stabilization in the DIY channel, but near-term demand remains uneven.