ADVANCE AUTO PARTS INC
For the period ended Dec 28, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
AAP$45.94+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended | |||
|---|---|---|---|
| December 28, 2024 | December 30, 2023 | December 31, 2022 | |
| Net sales | $9,094,327 | $9,209,075 | $9,148,874 |
| Cost of sales | 5,685,807 | 5,348,966 | 4,916,004 |
| Gross profit | 3,408,520 | 3,860,109 | 4,232,870 |
| Selling, general and administrative expenses, exclusive of restructuring and related expenses | 3,812,924 | 3,805,235 | 3,708,252 |
| Restructuring and related expenses | 308,902 | 15,987 | — |
| Selling, general and administrative expenses | 4,121,826 | 3,821,222 | 3,708,252 |
| Operating (loss) income | (713,306) | 38,887 | 524,618 |
| Other, net: | |||
| Interest expense | (81,033) | (87,989) | (50,841) |
| Loss on early redemptions of senior unsecured notes | — | — | (7,408) |
| Other income (expense), net | 26,241 | 1,924 | (6,176) |
| Total other, net | (54,792) | (86,065) | (64,425) |
| (Loss) Income before provision for income taxes | (768,098) | (47,178) | 460,193 |
| Provision for income taxes | (181,143) | (17,154) | 99,657 |
| Net (loss) income from continuing operations | (586,955) | (30,024) | 360,536 |
| Net income from discontinued operations | 251,167 | 59,759 | 103,866 |
| Net (loss) income | $(335,788) | $29,735 | $464,402 |
| Basic (loss) earnings per common share from continuing operations | $(9.84) | $(0.51) | $5.97 |
| Basic earnings per common share from discontinued operations | 4.21 | 1.01 | 1.73 |
| Basic (loss) earnings per common share | $(5.63) | $0.50 | $7.70 |
| Basic weighted-average common shares outstanding | 59,647 | 59,432 | 60,351 |
| Diluted (loss) earnings per common share from continuing operations | $(9.80) | $(0.50) | $5.94 |
| Diluted earnings per common share from discontinued operations | 4.19 | 1.00 | 1.71 |
| Diluted earnings (loss) per common share | $(5.61) | $0.50 | $7.65 |
| Diluted weighted-average common shares outstanding | 59,902 | 59,608 | 60,717 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.