Aftermarket industry watchers will be taking note of the much-anticipated Advance Auto Parts, Inc.,first-quarter results report, scheduled for Wednesday May 29.
In additions to the financial results, aftermarket professionals and analysts alike will be looking for early news of the anticipated sale of the WORLDPAC unit, and further news of Advance Auto Parts’ Canadian operation, Carquest Canada, also being offered for sale.
In the previous Q4 and year end results call on February 28, 2024, Advance CEO Shane O’Kelly indicated that an announcement of the sale of the WORLDPAC business was possible by end of the second quarter (which end in July), with activities regarding the “potential sale” of Carquest Canada to follow.
First Quarter Conference Call
Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, May 29, 2024. The webcast will be accessible via the company’s Investor Relations website (ir.AdvanceAutoParts.com).
To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a registrant ID. While registration is open through the live call, the company suggests registering a day in advance or at minimum 10 minutes before the start of the call. A replay of the conference call will be available on the company’s Investor Relations website for one year.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of December 30, 2023, Advance operated 4,786 stores and 321 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,245 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.
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