Advance Auto Parts

AAP

Market cap $3.61B

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RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts Introduces New ‘Good Parts' Brand Campaign, Celebrating Customers' Life Moments, Miles and Milestones.

Advance Auto Parts Inc. (NYSE:AAP) on Thursday posted stronger-than-expected quarterly results.

AAP posts a surprise Q1 profit as comparable sales rise 3.5%, gross margin expands and Pro demand fuels the strongest comp growth in five years.

Advance Auto Parts posted a big earnings beat in the first quarter. Stronger-than-expected margins have investors feeling bullish about the rest of the year.

Advance Auto Parts, Inc. (AAP) Q1 2026 Earnings Call Transcript

Advance Auto Parts delivered strong Q1 results, with EPS of $0.77 and 3.5% same-store sales growth, signaling tangible turnaround progress. Gross margin improved 130bps to 45.1%, and operating margin expanded 410bps to 3.8%, reflecting successful merchandising and cost control initiatives. AAP maintained conservative full-year guidance despite Q1 outperformance, with EPS expected at $2.40-$3.10 and same-store sales growth of 1%-2%.

The headline numbers for Advance Auto Parts (AAP) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Advance Auto Parts NYSE: AAP reported what executives described as a solid start to fiscal 2026, with first-quarter comparable sales rising 3.5%, the company's strongest quarterly growth in five years.