Advance Auto Parts (NYSE:AAP) reported a 7% decline in net sales to $2.6 billion for fiscal Q1 2025, while maintaining a near-breakeven adjusted operating margin. The company completed a store optimization program, concentrating 75% of its stores in markets where it ranks No. 1 or No. 2 in density, and plans to open over 100 new stores in the next three years. Advance Auto Parts reaffirmed its full-year guidance for a 0.5% to 1.5% increase in comp sales, aiming for total sales between $8.4 billion and $8.6 billion, focusing on supply chain efficiencies and procurement savings.
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