AAP News and Press, Advance Auto Parts Inc W/I From 05/31/23

2023-05-31 16:48:59 ET Advance Auto Parts ( NYSE: AAP ) fell sharply on Wednesday after the auto retailer lowered guidance and reported a sales drop for Q1. The sales decline was noted to be primarily driven by inflationary product costs that were not fully covered by pricing action...

2023-05-31 14:47:00 ET Shares in auto parts retailer AutoZone (NYSE: AZO) were down 3.3% at noontime today. The move comes in conjunction with a similar decline at its peer, O'Reilly Automotive (NASDAQ: ORLY) , with both stocks driven down by a shocking set of first-quarter ...

2023-05-31 12:27:21 ET The major market averages fell during the intraday session on Wednesday as investors awaited the congressional debt ceiling decision on the last trading day of May. Looking at the specific stocks, American Airlines Group ( NASDAQ: AAL ) and Intel Corporati...

2023-05-31 11:50:09 ET Advance Auto Parts, Inc. (AAP) Q1 2023 Earnings Conference Call May 31, 2023, 08:00 AM ET Company Participants Elisabeth Eisleben - SVP, Communications and IR Tom Greco - President and CEO Jeff Shepherd - EVP and CFO Conference Call P...

2023-05-31 10:53:12 ET Shares of auto parts retail chain Advance Auto Parts (NYSE: AAP) got absolutely smashed on Wednesday after the company's latest quarterly financial results underwhelmed expectations and led to a massive cut to its quarterly dividend. As of 10:15 a.m. ET, Advan...

2023-05-31 10:30:00 ET Summary We have previously traded Advance Auto Parts, Inc., while we currently own both AutoZone, Inc. and O'Reilly Automotive, Inc. Advance Auto Parts is clearly being outcompeted. Margin compression has severely weighed on earnings power. Advance A...

2023-05-31 09:10:58 ET The broad auto retail sector was rattled on Wednesday after Advance Auto Parts ( NYSE: AAP ) lowered its full-year guidance and cut the quarterly dividend payout. "We expect the competitive dynamics we faced in the first quarter to continue, resulting ...

2023-05-31 08:32:12 ET Belite Bio ( BLTE ) -37% commences public offering of American Depositary Shares of $30M. Advance Auto Parts ( AAP ) -27% after Q1 earning release . Ambarella ( AMBA ) -20% after Q1 earning release . FG Financial Group (FG...

2023-05-31 06:42:24 ET Advance Auto Parts ( NYSE: AAP ) declares $0.25/share quarterly dividend , -83.3% decrease from prior dividend of $1.50. Forward yield 0.89% Payable July 28; for shareholders of record July 14; ex-div July 13. The company cut its quar...

2023-05-31 06:35:10 ET Advance Auto Parts press release ( NYSE: AAP ): Q1 EPS of $0.72 may not be comparable to consensus of $2.57. Revenue of $3.42B (+1.5% Y/Y) misses by $10M . Shares -2% PM. Comparable store sales decreased 0.4%. Jeff Shepherd, execu...