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HomeAutomotive SectorADVANCE AUTO PARTS REPORTS SECOND QUARTER 2022 RESULTS

ADVANCE AUTO PARTS REPORTS SECOND QUARTER 2022 RESULTS

RALEIGH, N.C.Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 16, 2022.

* Net Sales Increased 0.6% to $2.7 Billion

* Diluted Earnings Per Share Decreased 13.1%; Adjusted Diluted Earnings Per Share Increased 10.0%

* Returned $291 Million to Shareholders

‘In Q2 we delivered another quarter of growth in net sales and adjusted operating income, underscored by adjusted operating income margin expansion,’ said Tom Greco, president and chief executive officer. ‘Our adjusted operating income margin rate of 11.7% was the highest-level AAP has achieved in seven years. This helped enable a quarterly record for adjusted diluted earnings per share of $3.74, which increased 10.0% compared with Q2 2021 and…

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