Advance Auto Parts reports Q4 adjusted EPS ($1.18), consensus ($1.23)

Reports Q4 revenue $2B, consensus $1.93B. “During 2024, we initiated transformative actions to reposition Advance for long-term success and value creation,” said Shane O’Kelly, president and chief executive officer. “We strengthened our focus on the blended-box by divesting non-core assets, closing non-strategic stores and right-sizing our organization. Our supply chain and merchandising teams are accelerating efforts to provide faster access to thousands of parts across our network. From a team perspective, we deployed additional resources to support our frontline team members and our customers. Additionally, we augmented our leadership team with talented executives that bring knowledge of core retail fundamentals. We ended 2024 with a healthy balance sheet and strong liquidity to navigate our turnaround. The team is acutely focused on execution and driving stronger accountability. We remain committed to delivering an improved operating performance in 2025 and making progress toward our FY27 goal of achieving an adjusted operating margin of approximately 7%.”