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ADVANCE AUTO PARTS INC

For the period ended Dec 28, 2024. Filed Feb 26, 2025.

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About this filing

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.

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Contents

Table of Contents

TABLE OF CONTENTS
Page
Part I.
Item 1.Business2
Item 1A.Risk Factors7
Item 1B.Unresolved Staff Comments16
Item 1C.Cybersecurity15
Item 2.Properties17
Item 3.Legal Proceedings17
Item 4.Mine Safety Disclosures17
Part II.
Item 5.Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities18
Item 6.Selected Quarterly Financial Data20
Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations21
Item 7A.Quantitative and Qualitative Disclosures About Market Risks32
Item 8.Financial Statements and Supplementary Data32
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure32
Item 9A.Controls and Procedures32
Item 9B.Other Information34
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections34
Part III.
Item 10.Directors, Executive Officers and Corporate Governance35
Item 11.Executive Compensation35
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters35
Item 13.Certain Relationships and Related Transactions, and Director Independence35
Item 14.Principal Accountant Fees and Services35
Part IV.
Item 15.Exhibits, Financial Statement Schedules36
Signatures80

FORWARD-LOOKING STATEMENTS

Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “target,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company’s strategic initiatives, restructuring and asset optimization plans, financial objectives, operational plans and objectives, statements about the sale of the Company’s Worldpac business, including statements regarding the benefits of the sale and use of proceeds therefrom, statements regarding expectations for economic conditions, future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company’s restructuring and asset optimization plans, deterioration of general macroeconomic conditions, geopolitical factors including increased tariffs and trade restrictions, the highly competitive nature of the industry, demand for the Company’s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.