{"url_path":"/sec/aap/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1158449/0001193125-26-234388-index.html","accession_number":"0001193125-26-234388","cik":"0001158449","ticker":"AAP","issuer_name":"ADVANCE AUTO PARTS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1158449/0001193125-26-234388-index.html","primary_entity_key":"0001158449","primary_entity_name":"ADVANCE AUTO PARTS 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of Contents](#toc_page)\n\n \n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\n \n\nFORM 10-Q\n\n \n\n \n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended April 25, 2026\n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ________ to ________.\n\nCommission file number 001-16797\n\n \n\n \n\n \n\nADVANCE AUTO PARTS, INC.\n\n(Exact name of registrant as specified in its charter)\n\n \n\n \n\nDelaware\n\n54-2049910\n\n(State or other jurisdiction of incorporation or organization)\n\n(I.R.S. Employer Identification No.)\n\n \n\n4200 Six Forks Road, Raleigh, North Carolina 27609\n\n(Address of principal executive offices) (Zip Code)\n\n(540) 362-4911\n\n(Registrant’s telephone number, including area code)\n\nSecurities Registered Pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\n \n\nTrading symbol\n\n \n\nName of each exchange on which registered\n\nCommon Stock, $0.0001 par value\n\n \n\nAAP\n\n \n\nNew York Stock Exchange\n\nNot Applicable\n\n(Former name, former address and former fiscal year, if changed since last report).\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Registration S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☒\n\n \n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☐\n\n \n\nSmaller reporting company\n\n☐\n\n \n\n \n\n \n\nEmerging growth company\n\n☐\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\nAs of May 18, 2026, the number of shares of the registrant’s common stock outstanding was 60.3 million shares.\n\n \n\n \n\n \n\n[Table of Contents](#toc_page)\n\n \n\nTABLE OF CONTENTS\n\n \n\n \n\n \n\n \n\nPage\n\n[NOTE REGARDING FORWARD LOOKING STATEMENTS](#forward_looking_statements)\n\n[1](#forward_looking_statements)\n\n[PART I.](#part_i_financial_information)\n\n[FINANCIAL INFORMATION](#part_i_financial_information)\n\n \n\n[Item 1.](#item_1_condensed_consolidated_financial)\n\n[Condensed Consolidated Financial Statements of Advance Auto Parts, Inc. and Subsidiaries (unaudited)](#item_1_condensed_consolidated_financial)\n\n[2](#item_1_condensed_consolidated_financial)\n\n \n\n \n\n[Condensed Consolidated Balance Sheets](#condensed_consolidated_balance_sheets)\n\n[2](#condensed_consolidated_balance_sheets)\n\n \n\n \n\n[Condensed Consolidated Statements of Operations](#condensed_consolidated_stmt_operations)\n\n[3](#condensed_consolidated_stmt_operations)\n\n \n\n \n\n[Condensed Consolidated Statements of Comprehensive Income](#condensed_consolidate_statement_oci)\n\n[4](#condensed_consolidate_statement_oci)\n\n \n\n \n\n[Condensed Consolidated Statements of Changes in Stockholders’ Equity](#statements_changes_stockholders_equity)\n\n[5](#statements_changes_stockholders_equity)\n\n \n\n \n\n[Condensed Consolidated Statements of Cash Flows](#consolidated_statements_of_cash_flows)\n\n[6](#consolidated_statements_of_cash_flows)\n\n \n\n \n\n[Notes to the Condensed Consolidated Financial Statements](#notes_to_the_condensed_consolidated)\n\n[7](#notes_to_the_condensed_consolidated)\n\n \n\n[Item 2.](#item_2_management_discussion_analysis)\n\n[Management's Discussion and Analysis of Financial Condition and Results of Operations](#item_2_management_discussion_analysis)\n\n[17](#item_2_management_discussion_analysis)\n\n \n\n[Item 3.](#item_3_quantitative_qualitative_disclosu)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#item_3_quantitative_qualitative_disclosu)\n\n[23](#item_3_quantitative_qualitative_disclosu)\n\n \n\n[Item 4.](#item_4_controls_and_procedures)\n\n[Controls and Procedures](#item_4_controls_and_procedures)\n\n[23](#item_4_controls_and_procedures)\n\n[PART II.](#part_ii_other_information)\n\n[OTHER INFORMATION](#part_ii_other_information)\n\n \n\n[Item 1.](#item_1_legal_proceedings)\n\n[Legal Proceedings](#item_1_legal_proceedings)\n\n[24](#item_1_legal_proceedings)\n\n \n\n[Item 1A.](#item_1a_risk_factors)\n\n[Risk Factors](#item_1a_risk_factors)\n\n[24](#item_1a_risk_factors)\n\n \n\n[Item 2.](#item_2_unregistered_sales_of_equity)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#item_2_unregistered_sales_of_equity)\n\n[24](#item_2_unregistered_sales_of_equity)\n\n \n\n[Item 5.](#item_5_other_information)\n\n[Other Information](#item_5_other_information)\n\n[24](#part_ii_other_information)\n\n \n\n[Item 6.](#exhibit_index)\n\n[Exhibits](#exhibit_index)\n\n[25](#exhibit_index)\n\n[SIGNATURE](#signature)\n\n \n\n \n\n[26](#signature)\n\n \n\n \n\n \n\n \n\n[Table of Contents](#toc_page)\n\n \n\nFORWARD-LOOKING STATEMENTS\n\nCertain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “target,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company’s strategic initiatives, future business and financial performance, revenue, earnings, cash flow, liquidity, restructuring and asset optimization plans, financial objectives, debt capital structure, operational plans and objectives, capital expenditures, organizational changes, cost reductions, expectations for macroeconomic conditions, marketing strategies, inflation, impairments, consumer behavior and preferences, labor costs and availability, supply chain and merchandising strategies and effects, technology investments, effective tax rates, regulatory changes and impacts, anticipated impacts of tariffs and other trade barriers, tariff refunds, compliance with debt covenants, statements about the status of, and capacity and utilization under, the Company’s supply chain financing arrangements and statements about the Company’s future credit ratings and outlook as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company’s restructuring and asset optimization plans, risks relating to incurrence of indebtedness and increased leverage, risks relating to the Company's credit ratings or perceived creditworthiness, deterioration of general macroeconomic conditions, geopolitical factors, including increased tariffs, petroleum supply and prices, and trade restrictions, the highly competitive nature of the industry, demand for the Company’s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company’s inventory and supply chain, implementation and operation of information and technology systems and innovative technologies, and challenges with transforming and growing its business. Please refer to \"Item 1A. Risk Factors\" of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (\"SEC\"), as updated by the Company's subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.\n\n \n\n \n\n1\n\n[Table of Contents](#toc_page)\n\n \n\nPART I. FINANCIAL INFORMATION"}