Advance Auto Parts (AAP) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.90%. A quarter ago, it was expected that this auto parts retailer would post earnings of $0.24 per share when it actually produced a loss of $0.59, delivering a surprise of -345.83%.Over the last four quarters ...

净销售额和利润 - 2024年第一季度净销售额为34亿美元，较去年同期下降0.3%[4] - 公司毛利下降2.2%，达到14亿美元，毛利率为42.0%[5] 费用和收入 - 销售、一般和管理费用为13亿美元，占净销售额的39.4%[6] - 公司营业收入为8600万美元，占净销售额的2.5%[7] 税率和现金流 - 公司的有效税率为33.2%，较去年同期的28.5%有所增加[8] - 截至2024年第一季度，经营活动提供的净现金为270万美元，较去年同期的净现金使用额为3.825亿美元有所改善[9] 股息和全年指导 - 公司宣布每股派息0.25美元，将于2024年7月26日支付给所有股东[10] - 公司提出2024年全年指导，预计净销售额为113亿至115亿美元，每股稀释收益为3.75至4.25美元[13] 公司经营情况 - 公司在2024年第一季度结束后的电话会议中详细介绍了财报结果[14] - 公司截至2024年4月20日在美国、加拿大、波多黎各和美属维尔京群岛等地共经营4777家门店和320家Worldpac分支机构[16] 财务报表修正和店铺情况 - 公司在2023财年发现之前未识别的错误，主要影响了成本销售、销售、一般和管理费用以及其他收入/费用等方面[22] - 公司对受影响的财务报表进行了修正，包括4月22日的资产负债表和截至4月22日的经营活动和现金流量表[22] - 公司在2024年4月20日的16周内开设了7家店铺和分支机构，关闭了17家，截至2024年4月20日，总共有5,097家店铺和分支机构[26] - 公司在2024年4月20日的16周内开设了7家新店，关闭了17家店，总共有5,097家店铺和分支机构[27] 财务指标和评级 - 公司的自由现金流为-46,269千美元，调整后的债务与调整后的EBITDAR比率为3.9[23] - 公司认为调整后的债务与调整后的EBITDAR比率是评级机构审查的关键财务指标，公司的目标是保持投资级评级[24] - 公司调整了杠杆比率的计算，以提供与同行公司更有意义的比较[25]

Wall Street analysts expect Advance Auto Parts (AAP) to post quarterly earnings of $0.69 per share in its upcoming report, which indicates a year-over-year decline of 4.2%. Revenues are expected to be $3.43 billion, up 0.5% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a company's earnin ...

Third Point has formed a group in this investment with Saddle Point. This group has a collective economic ownership to 4,781,557 shares (8.04%) of AAP stock, which is a combination of common stock and derivatives, a vast majority of which is owned by Third Point. Saddle Point is an investment firm run by Roy Katzovicz, the former chief legal officer of Pershing Square Capital Management.Activist Commentary: Third Point is a multi-strategy hedge fund founded by Dan Loeb, that will selectively take activist p ...

One stock that might be an intriguing choice for investors right now is Advance Auto Parts, Inc. (AAP) . This is because this security in the Automotive - Retail and Wholesale - Parts space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguab ...

U.S. retail stocks Walmart (NYSE:WMT), Amazon (NYSE:AMZN) and Target (NYSE:TGT) are using their delivery services to keep customers coming back. A recent article from Barron’s highlighted how the three companies are winning customers with superior delivery services. Target launched Target Circle 360, a paid service that includes same-day delivery. Walmart’s Walmart+ made one-hour delivery available and Amazon Prime has provided tw0-day delivery for years. “‘Shopping is dynamic, and so are we,’ said Cara Syl ...

激进投资者行动 - Third Point公司在Advance Auto Parts积累了大量激进股权，并获得了董事会的3个席位[3] - 买入高质量资产低价是获得成功的关键教训[6] - 1980年代的“掠夺者之舞”时代与现在的激进投资者获取董事会席位的方式有所不同[9]

收购与任命 - Dan Loeb的对冲基金Third Point LLC和Saddle Point Management L.P.联手收购Advance Auto Parts Inc.的股份[1] - Third Point在Advance Auto Parts董事会上任命了三名新董事[1] - 公司正在与加拿大业务和设备分销商Worldpac进行谈判[1] 股价变动 - Dan Loeb的激进对冲基金Third Point LLC披露持有Advance Auto Parts Inc.（AAP）股份后，该公司股价在周一早盘交易中上涨了4%[2] - Advance Auto Parts的股价在周二上午9:51涨至78.83美元，为今年最高价[6] 高管变动 - 公司在8月任命Shane O’Kelly为首席执行官（CEO），目前正在与加拿大业务和设备分销商Worldpac进行谈判[4] - 三名新任董事是A. Brent Windom、Gregory L. Smith和Thomas W. Seboldt，公司董事会暂时扩展至12名董事[4] 投资动向 - Loeb的基金在2023年第四季度退出了Alphabet Inc.（GOOGL），并减持了Uber Technologies Inc.（UBER）、Amazon.com Inc.（AMZN）、Microsoft Corp.（MSFT）和台积电（TSM）的股份[6] - 过去一个月，这家汽车售后零部件零售商发布了意外的第四季度亏损，并一直在进行成本削减[6]

公司董事会变动 - Advance Auto Parts公司任命了三名新董事会成员[1] - 新董事会成员具有汽车供应链和商品经验[2] - 新加入Advance Auto Parts董事会的成员包括Brent Windom、Gregory Smith和Thomas Seboldt[6] 公司财务状况 - 公司首席执行官Shane O’Kelly在公司股价下跌后接任，公司财务表现和股价落后于竞争对手[4] - 公司正在尝试出售其2014年收购的Worldpac业务[5] 投资情况 - 第三点公司和Saddle Point公司联合投资Advance Auto Parts，两家公司目前持有Advance Auto Parts不到5%的股权[7] - 第三点公司和Saddle Point公司曾在去年联合进行投资[8] 董事会成员背景 - Starboard Value曾持有Advance Auto Parts股份，其首席投资官Jeffrey Smith曾于2015年加入董事会并于2020年辞职[9] - Eugene Lee曾担任Darden Restaurants首席执行官，并于2020年成为Advance Auto Parts董事会主席[10]

RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately. In connection with these appointments, the company has entered into a cooperation agreement with Third Point LLC (together with its ...