The strong Q1 beat and reaffirmed guidance suggest the turnaround is gaining traction. Monitor the Q2 earnings call for any upward revision to full-year guidance, particularly on adjusted EPS and comparable sales, which would signal accelerating momentum. The stock may re-rate higher if the 3.5% comp growth sustains.
Price Chart
Executive Summary
Advance Auto Parts reported Q1 2026 adjusted diluted EPS of $0.77, significantly beating the $0.44 consensus estimate, while GAAP EPS of $0.39 was in line with the prior year. Comparable store sales grew 3.5%, the strongest in five years, and adjusted operating margin expanded 410 bps YoY to 3.8%. The company reaffirmed its full-year 2026 guidance, signaling confidence in the turnaround trajectory.
Key Financial Metrics
Key Facts
- Q1 2026 adjusted diluted EPS of $0.77 vs consensus $0.44, a 75% beat
- Comparable store sales grew 3.5% YoY, strongest performance in five years
- Adjusted operating income margin expanded 410 bps YoY to 3.8%
- Full-year 2026 guidance reaffirmed: net sales $8.485B-$8.575B, adj. EPS $2.40-$3.10
- GAAP diluted EPS was $0.39, flat vs $0.40 in Q1 2025
- Net sales of $2.614B vs consensus $2.57B, a 1.7% beat
- Gross margin improved to 45.1% from 42.9% a year ago
- Free cash flow was -$75M in Q1, improving from -$198M in Q1 2025
- Cash and equivalents of $2.956B provide ample liquidity
Financial Impact
EPS beat of $0.33 (75%) on consensus $0.44; revenue beat of ~$44M (1.7%) on consensus $2.57B
Risk Factors
- Full-year guidance unchanged despite strong Q1, implying potential deceleration in H2
- GAAP EPS flat YoY due to higher interest expense ($65M vs $27M) and restructuring charges
- Free cash flow remains negative, though improving; capex of $56M in Q1
- Macro risks: consumer spending, tariffs, and auto parts demand
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-233346 |
| Document: aap-20260521.htm | 0001193125-26-233346 |
| Document: 0001193125-26-233346-index-headers.html | 0001193125-26-233346 |
| Document: 0001193125-26-233346-index.html | 0001193125-26-233346 |
| Document: 0001193125-26-233346.txt | 0001193125-26-233346 |
| 8-K Data (Synthetic) | 0001193125-26-233346 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | 8-K | $42.39 $42.55 | ▲ +0.38% | ▲ +0.38% | $38.68 (−8.75%) |
Aug 4, 2026 8w ago | Institutional Cluster | $58.83 $42.76 | ▼ −27.32% | ▼ −26.08% | $38.68 (−34.25%) |
Jun 26, 2026 14w ago | 8-K | $61.63 $55.80 | ▼ −9.46% | ▼ −9.18% | $38.68 (−37.24%) |
May 21, 2026 19w ago | 8-K | $58.10 $60.10 | ▲ +3.44% | ▲ +2.90% | $38.68 (−33.42%) |
Apr 1, 2026 26w ago | DEFA14A | $51.70 $59.51 | ▲ +15.11% | ▲ +5.23% | $38.68 (−25.18%) |
US Market Status
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