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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100