ADVANCE AUTO PARTS, INC. (NYSE:AAP) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
a press release setting forth its financial results for its first
quarter>ended April 22, 2017. This release includes forward
looking statements including, but are not limited to, statements
related to the Company’s 2017 fiscal year.
April 22, 2017>and April 23, 2016>include General Parts
International, Inc. (“GPI”) integration costs, store
consolidation costs and amortization of GPI acquired intangible
assets. As a result of these expenses, the Companys financial
results for these periods include certain non-operational expenses.
Thus, the Companys financial results have been presented in this
press release on both a generally accepted accounting principles
(“GAAP”) basis and on an adjusted basis to exclude the
integration costs, store consolidation costs and amortization
recognized in the respective periods. The Company has provided the
required reconciliations of the financial results reported on an
adjusted basis to the most directly adjusted GAAP basis and has
provided an explanation as to why the financial results presented
on a non-GAAP basis are useful to investors.
reference herein.
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Exhibit Number
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99.1
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Press Release, dated May 24, 2017, issued by Advance
Auto Parts, Inc. |
(including Exhibit 99.1) shall not be deemed to be filed for the
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section.
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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ADVANCE AUTO PARTS, INC.
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(Registrant)
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Date: May 24, 2017
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/s/ Thomas B. Okray
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()*
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Thomas B. Okray
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Executive Vice President and Chief Financial Officer
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About ADVANCE AUTO PARTS, INC. (NYSE:AAP)
Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. The Company also offers other miscellaneous offerings, including e-services. The Company operates approximately 5,170 total stores and over 120 branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands under the names Advance Auto Parts, Autopart International (AI), Carquest and Worldpac. The Company serves its commercial customers and DIY customers through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. ADVANCE AUTO PARTS, INC. (NYSE:AAP) Recent Trading Information
ADVANCE AUTO PARTS, INC. (NYSE:AAP) closed its last trading session down -6.71 at 140.66 with 3,897,489 shares trading hands.
