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Advance Auto Parts reaches deal with Dan Loeb s Third Point, Saddle Point for three board seats

Advance Auto Parts reaches deal with Dan Loeb s Third Point, Saddle Point for three board seats
nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.

Advance Auto Parts to add three board members as activist investors take stake

Advance Auto Parts is appointing three new board members after hedge funds Third Point LLC and Saddle Point Management took positions in the automotive afterparts provider, the company said. .

Advance Auto Parts (NYSE:AAP) Posts Q4 Sales In Line With Estimates, Stock Soars

Auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) reported results in line with analysts' expectations in Q4 FY2023, with revenue flat year on year at $2.46 billion. On the other hand, the company's full-year revenue guidance of $11.35 billion at the midpoint came in slightly below analysts' estimates. It made a GAAP loss of $0.59 per share, down from its profit of $2.88 per share in the same quarter last year.

Advance Auto Parts Reports Fourth Quarter and Full Year 2023 Results

Advance Auto Parts Reports Fourth Quarter and Full Year 2023 Results
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

Advanced Auto Parts: Broken Down But Repairs Being Made (NYSE:AAP)

Advanced Auto Parts: Broken Down But Repairs Being Made (NYSE:AAP)
seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.

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