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Advance Auto Parts AAP Reportable — Restructuring Charges

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Other financials

Income statement

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Revenue$2.6B+1.2%
Gross profit$1.2B+6.4%
Operating income$69.0M+153%
Net income$24.0M0.0%
EPS (diluted)$0.39-2.5%

Balance sheet

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Cash & equivalents$3.0B+76.8%
Total debt$5.2B+42.4%
Total equity$2.2B+0.7%
Total assets$11.8B+11.1%

Cash flow

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Operating cash flow-$19.0M+87.8%
CapEx$56.0M+33.3%
Free cash flow-$75.0M+62.1%

Valuation

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Market cap$3.49B-3.5%
Enterprise value$5.77B+2.8%
P/E79.4×
P/S0.4×0.0×

Profitability

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Gross margin44.1%+6.8pp
Operating margin-10.5%
Net margin0.5%+0.3pp
FCF margin-5.2%-13.9pp

Returns & leverage

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Return on equity2%+1.1pp
Debt / equity2.4×+0.7×
Current ratio1.8×+0.5×

Where this comes from

Reported directly by Advance Auto Parts in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The source filing: Advance Auto Parts’s 10-Q, filed May 21, 2026.

Filed
May 21, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-234388
Line itemSixteen Weeks Ended / April 25, 2026Sixteen Weeks Ended / April 19, 2025
Less:
Cost of sales1,4341,474
Selling, general and administrative expenses(1)1,0211,085
Restructuring and related expenses32118
Depreciation and amortization expense(2)5837
Interest expense6527
Other segment items(3)(31)(27)
Income tax expense (benefit)11(155)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Advance Auto Parts's reportable — restructuring charges?
Advance Auto Parts (AAP) reported reportable — restructuring charges of $32M in Q1 2026.
How has Advance Auto Parts's reportable — restructuring charges changed year-over-year?
Advance Auto Parts's reportable — restructuring charges decreased by 72.9% year-over-year, from $118M to $32M.
What does reportable — restructuring charges mean?
Includes costs associated with organizational realignments, store closures, or strategic initiatives intended to improve long-term operational efficiency. These expenses are typically non-recurring and indicate management's efforts to optimize the business model in response to changing market conditions.

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