U.S. COMPANY FILING
ADVANCE AUTO PARTS INC — Form 10-Q filed 2026-05-21
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Advance Auto Parts reported Q1 FY2026 net sales of $2,614 million, up 1.2% YoY, with net income of $24 million, flat YoY. Gross margin improved to 45.1% from 42.9%. Restructuring expenses dropped significantly to $32 million from $118 million. The company completed its 2024 Restructuring Plan, closing about 500 stores. Cash balance stood at $2,956 million. Legal proceedings resolved favorably.
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