Advance Auto Parts, Inc. (AAP) Q3 2024 Earnings Call Transcript

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Q3: 2024-11-14 Earnings Summary

EPS of -$0.04 misses by $0.48
 | Revenue of $2.15B (-21.00% Y/Y) misses by $24.31M

Advance Auto Parts, Inc. (NYSE:AAP) Q3 2024 Earnings Call Transcript November 14, 2024 8:00 AM ET

Company Participants

Lavesh Hemnani - VP of IR
Shane O'Kelly - President and CEO
Ryan Grimsland - EVP and CFO

Conference Call Participants

Michael Lasser - UBS
Chris Horvers - JPMorgan
Scot Ciccarelli - Truist
Seth Basham - Wedbush
Steven Zaccone - Citigroup
Seth Sigman - Barclays
Zach Fadem - Wells Fargo

Operator

Hello, everyone, and welcome to the Q3 2024 Advance Auto Parts Earnings Conference Call. My name is Charlie, and I'll be coordinating the call today. You will have the opportunity to ask a question at the end of the presentation. [Operator Instructions] I'd now like to hand the call over to our host, Lavesh Hemnani, Vice President of Investor Relations to begin. Lavesh, please go ahead.

Lavesh Hemnani

Good morning, and thank you for participating in today's call. I'm joined by Shane O'Kelly, President and Chief Executive Officer; and Ryan Grimsland, Executive Vice President and Chief Financial Officer.

Before we begin, please be advised that management's remarks today will contain forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including but not limited to, statements regarding our strategic and operational review, initiatives, plans, projections and expectations for the future. Actual results could differ materially from those projected or implied by the forward-looking statements. Additional information about forward-looking statements can be found under forward-looking statements in our earnings release and risk factors in our most recent Form 10-K and subsequent filings made with the SEC.

During today's call, we will be referencing slides which are available to view via webcast. A copy of the slides have also been posted to our Investor Relations website. In addition, we have also filed historical financials for the Advance RemainCo that can be accessed on our

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