Advance Auto Parts Inc (AAP) Q1 2025 Earnings Report

In Q1 2025, Advance Auto Parts (AAP) reported revenues of $2.583 billion, reflecting a 7% year-over-year decrease mainly due to strategic store optimizations that affected comparable sales. Despite a challenging start to the year, management highlighted a rebound in demand, particularly in the Professional (Pro) channel, which experienced positive comparable sales growth for eight consecutive weeks. While the company reported a GAAP net income of $24 million, the adjusted operating loss was $8 million, narrowing compared to the previous quarter. Management reaffirmed its full-year guidance, citing operational improvements and the expected positive impact of cost reductions. These developments position Advance Auto Parts favorably within the $150 billion addressable market, setting the stage for more robust growth as the company continues to navigate a competitive landscape.