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Advance Auto Parts (AAP) investor relations material
Advance Auto Parts Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Achieved strongest quarterly performance in over two years, with 3% comparable sales growth and margin expansion, driven by both Pro and DIY channels and supported by turnaround and strategic initiatives.
Strategic priorities included technology investments, supply chain optimization, merchandising excellence, and market hub expansion to support long-term growth.
Raised nearly $2 billion in cash, strengthening liquidity and supporting a path to investment-grade credit rating.
Completed all planned store closures under the restructuring plan, reducing store count to 4,297.
Significant margin expansion and improved profitability resulted from cost optimization and operational improvements.
Financial highlights
Q3 2025 net sales were $2.0 billion, down 5.2% year-over-year due to store closures, but comparable store sales grew 3.0%.
Adjusted gross profit margin expanded to 44.8% (up 260 bps year-over-year); gross profit was $913 million.
Adjusted operating income margin rose to 4.4% (up 370 bps year-over-year); adjusted operating income was $90 million.
Adjusted diluted EPS was $0.92, compared to a loss of $0.05 last year.
Ended quarter with over $3 billion in cash and strong liquidity.
Outlook and guidance
Full-year 2025 net sales expected at $8.55–$8.6 billion, with comparable sales growth of 0.7–1.3%.
Adjusted operating income margin guidance reaffirmed at 2.4–2.6%; adjusted EPS guidance updated to $1.75–$1.85.
Capital expenditures projected at approximately $250 million; free cash flow expected between $(90)–$80 million.
Plans for 30 new store openings and 14 new market hub openings in 2025.
Expect positive free cash flow in 2026 and beyond, with margin expansion after two years of decline.
What are the next drivers for margin expansion?
What is the plan to improve free cash flow?
What is the optimal future store footprint?
Elaborate on the nonlinear path to 7% margin by 2027.
Q4 DIY softness: drivers and elasticity impact?
How does higher inventory impact 2026 FCF target?
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Next Advance Auto Parts earnings date
Q4 202526 Feb, 2026
Next Advance Auto Parts earnings date
Q4 202526 Feb, 2026
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Frequently asked questions
Advance Auto Parts, Inc. is a specialty retailer of automotive replacement parts, batteries, and maintenance items for domestic and imported cars, vans, light and heavy duty trucks. The Company offers products through its network of approximately 6,450 stores with locations in the United States and Puerto Rico; Canada; the United Kingdom; Germany; Mexico; Ireland; Puerto Rico and the Virgin Islands. Advance Auto Parts, Inc. is based in Raleigh, North Carolina.
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