MDRX - Bragar Eagel & Squire P.C. Is Investigating Advance Auto Parts FMC and Veradigm and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Advance Auto Parts, Inc. (NYSE:AAP), FMC Corporation (NYSE:FMC), and Veradigm, Inc. (NASDAQ:MDRX). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Advance Auto Parts, Inc. (NYSE:AAP)
On May 31, 2023, Advance Auto Parts revealed disappointing results for the first quarter of fiscal year 2023, including a net sales decrease of more than 1.6% compared to the prior year and an operating margin rate of 2.6%, "well below expectations due to higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix." Advance Auto Parts also disclosed that it was slashing its full year 2023 guidance, which it had provided just three months earlier, given that it now "expect[s] the competitive dynamics . . . faced in the first quarter to continue." Advance Auto ...