SAN DIEGO, Nov. 21, 2023 (GLOBE NEWSWIRE) --
Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Advance Auto Parts, Inc. (NYSE:AAP) between November 16, 2022 and May 30, 2023. AAP is a retailer specializing in automobile parts and accessories, serving both automobile professionals and non-professional consumers.
For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is this Case About: Advance Auto Parts (AAP) Misled Investors Regarding its Strategic Pricing Initiatives
According to the complaint, on November 16, 2022, the Company held its quarterly earnings call for investors wherein AAP president and CEO Thomas R. Greco announced "strategic pricing initiatives" aimed to help propel margins growth in 2023. On May 31, 2023, AAP held its quarterly earnings call for 2023 first quarter, wherein Greco noted that AAP's "financial results ...