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Advance Auto Parts Slips To Q3 Loss, Cuts FY23 Outlook; Names New CFO; Stock Down In Premarket

Advance Auto Parts, Inc. (AAP), while reporting third-quarter loss despite higher revenues, on Wednesday lowered its fiscal 2023 earnings outlook again. The company also announced the appointment of Ryan Grimsland as chief Executive Officer.

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Advance Auto Parts (AAP) falls on mixed Q3 and lower guidance, looks to streamline with sale of Worldpac

Advance Auto Parts (AAP) falls on mixed Q3 and lower guidance, looks to streamline with sale of Worldpac
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Advance Auto Parts Reports Third Quarter 2023 Results and Provides Updates on Strategic and Operational Review

Advance Auto Parts Reports Third Quarter 2023 Results and Provides Updates on Strategic and Operational Review
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Advance Auto Parts Stock Slumps on Guidance Cut and Cost-Savings Plan

Advance Auto Parts estimates fiscal-year earnings of $1.40 to $1.80 a share, well below previous guidance.

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Advance Auto Parts to cut costs by $150M, sell 2 business units, eliminates a top exec role

The North Raleigh-based company under its recently named CEO announced plans for cost cuts as well as the sale of two business units. A new chief financial officer is joining management as well plus its top ecommerce spot is being eliminated.

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