AAP Filings — Advance Auto Parts, Inc. - FilingSpy
AAP
Advance Auto Parts, Inc.
A North American automotive parts retailer, Advance Auto Parts runs a network of stores serving professional mechanics and DIY drivers under the Advance Auto Parts, Carquest, and DieHard names. Founded in 1932 when Arthur Taubman bought three Virginia stores from the founders of Pep Boys, it began as "Advance Stores." Its DieHard battery brand, born at Sears in 1967, earned its name after surviving over 26,000 test starts in extreme temperatures.
Advance Auto Parts Q2 2026 adjusted operating income margin expands over 250 bps year-over-year; reaffirms FY guidance.
Q2 2026 net sales were $2.0 billion, flat versus prior year; comparable store sales decreased 0.5%.
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Adjusted operating income was $112 million (5.6% of net sales) versus $61 million (3.0%) in Q2 2025.
Diluted EPS was $0.90; adjusted diluted EPS was $1.03, including $0.31 from tariff refunds.
Company repurchased ~$30 million of debt; net leverage fell to 2.1x from 2.4x in Q1 2026.
Reaffirmed FY2026 guidance for net sales ($8,485-$8,575M), adjusted operating income margin (3.8%-4.5%), and free cash flow (~$100M); raised adjusted diluted EPS guidance to $2.60-$3.30.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Advance Auto Parts EVP and CHRO Kristen L. Soler to depart, effective June 26, 2026.
Kristen L. Soler, Executive Vice President and Chief Human Resources Officer, is leaving Advance Auto Parts to pursue other opportunities.
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Her departure is effective June 26, 2026, with an advisory role expected through July 10, 2026.
She will receive payment under the termination without due cause provision of her employment agreement.
The company thanked Ms. Soler for her service.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Advance Auto Parts appoints Cynthia T. Jamison to its Board of Directors, effective March 9, 2026.
She will receive compensation in accordance with the Company's policy for non-employee directors and is expected to enter into the standard indemnification agreement.
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Cynthia T. Jamison was appointed to the Board of Directors of Advance Auto Parts, Inc. effective March 9, 2026.
Ms. Jamison has not been named to any Board committees at this time.
She most recently served as CFO of AquaSpy, Inc. (2010-2013) and previously held executive roles at Tatum, LLC, Chart House Enterprises, Allied Domecq Retailing USA, Kraft General Foods, and Arthur Andersen.
She currently serves on the boards of Darden Restaurants (Chair since 2023) and International Flavors & Fragrances, and previously chaired Tractor Supply Company and Big Lots.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Advance Auto Parts appoints Richard A. Johnson to its Board of Directors
On January 12, 2026, the Board of Directors appointed Richard A. Johnson as a director, effective the same day.
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Mr. Johnson will serve on the Board's Compensation Committee and will receive compensation per the company's non-employee director policy.
He is expected to enter into the company's standard form of indemnification agreement.
Mr. Johnson is the retired CEO, President, and Chairman of Foot Locker, Inc., with nearly 30 years of retail experience.
A press release regarding the appointment was issued on January 13, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits