Advance Auto Incurs Unexpected Q3 Loss, Cuts 2024 Guidance
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Advance Auto Parts reported an unexpected loss in Q3 and has reduced its 2024 sales guidance significantly. The company now expects net sales of around $9 billion, down from the previous guidance of $11.15-$11.25 billion.
November 14, 2024 | 4:45 pm
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Advance Auto Parts reported an unexpected loss for Q3 and has significantly lowered its 2024 sales guidance to $9 billion, down from the previous range of $11.15-$11.25 billion.
The unexpected Q3 loss and significant reduction in 2024 sales guidance are likely to negatively impact investor sentiment and put downward pressure on AAP's stock price in the short term.
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