Advance Auto Parts Reports Strong Q1 Performance with Improved Sales and Profitability
Advance Auto Parts (AAP) reported a strong first-quarter performance, marked by a 3.5% increase in comparable sales—the best quarterly growth in five years—and net sales of $2.6 billion. The Pro channel led the improvement while DIY returned to positive growth. Gross margin expanded over 210 basis points and adjusted operating margin reached 3.8%, with adjusted diluted EPS at $0.77 compared to a loss last year.
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