### Financial Performance
- Revenue: $2.1 billion, down 3% YoY
- Gross Profit: $908 million, gross profit margin of 42.3%, an improvement of 540 basis points YoY
- Operating Income: $403,000, an 80 basis point margin, improved from negative 3.3% last year
- Net Income: -$6.0 million, EPS loss of $0.10
- Adjusted EBITDA: $52.6 million with margins forecasted to reach 2-3% for FY2025
### Liquidity and Financial Position
- Cash Position: Approximately $2 billion post-Worldpac sale
- Total Debt: $3.8 billion, representing a leverage ratio of ~4x, targeted to reduce to 2.5x by 2027
- Cash Flow from Operations: Positive net cash of $70.1 million during Q3
### Comparative Metrics vs Competitors
- Debt to Equity Ratio: 1.466, indicating reliance on leverage compared to industry peers
- Gross Profit Margin Comparison: AAP at 42.3%, AZO at 53.5%, TSCO at 33.9%
- Operating Margin Comparison: AAP at 0.02%, AZO at 21.3%, TSCO at 9.4%