ADVANCE AUTO PARTS INC
For the period ended Dec 30, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
AAP$45.94+1.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended | |||
|---|---|---|---|
| December 30, 2023 | December 31, 2022 | January 1, 2022 | |
| Net sales | $11,287,607 | $11,154,722 | $10,997,989 |
| Cost of sales | 6,764,105 | 6,222,487 | 6,074,039 |
| Gross profit | 4,523,502 | 4,932,235 | 4,923,950 |
| Selling, general and administrative expenses | 4,409,125 | 4,261,982 | 4,101,585 |
| Operating income | 114,377 | 670,253 | 822,365 |
| Other, net: | |||
| Interest expense | (88,055) | (51,060) | (37,791) |
| Loss on early redemptions of senior unsecured notes | — | (7,408) | — |
| Other income (expense), net | 5,525 | (7,423) | (2,081) |
| Total other, net | (82,530) | (65,891) | (39,872) |
| Income before provision for income taxes | 31,847 | 604,362 | 782,493 |
| Provision for income taxes | 2,112 | 139,960 | 185,878 |
| Net income | $29,735 | $464,402 | $596,615 |
| Basic earnings per common share | $0.50 | $7.70 | $9.32 |
| Weighted average common shares outstanding | 59,432 | 60,351 | 64,028 |
| Diluted earnings per common share | $0.50 | $7.65 | $9.25 |
| Weighted average common shares outstanding | 59,608 | 60,717 | 64,509 |
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