Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket retailer of parts, batteries, accessories and maintenance items announced it will open its 4,000th store today. The newest Advance store is located in Montgomery, New York. Since 1995, Advance has added over 3,000 stores to its operations through new store openings and strategic acquisitions. This new store is located in the Northeast, a key geographic growth area for Advance and part of the Company’s strategy to continue expanding its footprint.
“As we celebrate our 4,000th store opening, I would like to thank Advance’s more than 54,000 Team Members for their hard work and contributions to our success,” said Darren Jackson, Chief Executive Officer. “Over the past 81 years we have grown from three stores in Virginia to a national chain, serving millions of customers in 39 states, Puerto Rico, and the Virgin Islands. Our company is continuing to grow, continuing to serve and furthering our commitment to grow our business with integrity and serve our customers better than anyone.”
Advance selects locations for new stores that are convenient to where customers live and shop as well as the garages where they take their vehicles for repair. The new store offers customers a wide range of parts and recognized national brands as well as several free services. Store Team Members will provide free installation for your new windshield wipers and also offer a complimentary check of a vehicle’s electrical system and old battery as well as providing free installation of a new battery with purchase on most vehicles. The store offers fast parts delivery to local commercial customers such as professional mechanics and garages. During regular store hours, customers may drop off used motor oil and batteries for recycling – ensuring that these materials don’t end up in landfills where they could harm the environment.
The Company will celebrate the opening of its 4,000th store on Wednesday, August 14 with a ribbon cutting ceremony at the Montgomery store. Company executives and Team Members will attend the ceremony, along with local business leaders and community partners. During the ceremony,in honor of the 4,000th store,$4,000 will be donated to the Juvenile Diabetes Research Foundation to illustrate how Advance brings its Promise, Service is our best part, to life for its customers as well as the communities where customers and Team Members live.
About Advance Auto Parts
Headquartered in Roanoke, Va., Advance Auto Parts, a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items in the United States, serves both the do-it-yourself and professional installer markets. As of August 9, 2013, the Company operated 4,000 stores in 39 states, Puerto Rico, and the Virgin Islands. Additional information about the Company, employment opportunities, customer services, and on-line shopping for parts, accessories and other offerings can be found on the Company’s web site at www.AdvanceAutoParts.com.
Certain statements contained in this release are forward-looking statements, as that statement is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events or developments, and typically use words such as believe, anticipate, expect, intend, plan, forecast, outlook or estimate. These statements discuss, among other things, expected growth and future performance, including store growth, capital expenditures, comparable store sales, SG&A, operating income, gross profit rate, free cash flow, profitability and earnings per diluted share for fiscal year 2013. These forward-looking statements are subject to risks, uncertainties and assumptions including, but not limited to, competitive pressures, demand for the Company's products, the market for auto parts, the economy in general, inflation, consumer debt levels, the weather, business interruptions, information technology security, availability of suitable real estate, dependence on foreign suppliers and other factors disclosed in the Company's 10-K for the fiscal year ended December 29, 2012 on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results described in these forward-looking statements. The Company intends these forward-looking statements to speak only as of the time of this news release and does not undertake to update or revise them as more information becomes available.
Advance Auto Parts, Inc.
Shelly Whitaker, APR, 540-561-8452
|Advance Auto Parts Reports Fiscal 2013 Comparable EPS Growth and a Return to Positive Comparable Same Store Sales in the Fourth Quarter (2014/2/6)|
|Advance Auto Parts to Acquire General Parts International, Inc. in All-Cash Transaction with Enterprise Value of $2.04 Billion (2013/10/16)|
|Advance Auto Parts to Buy General Parts International for $2 Billion -- Update (2013/10/16)|
|Advance Auto Parts Announces Closing of Acquisition of General Parts International, Inc. (2014/1/2)|
|Advance Auto Parts Reports Third Quarter Fiscal 2013 Diluted EPS Increase of 17.4% to $1.42 ()|
|Advance Auto Parts Reports Second Quarter Fiscal 2013 Diluted EPS Increase of 18.7% to $1.59 (2013/8/8)|
|Advance Auto Parts Rebrands eServices Unit as MOTOSHOPSM Technology ToolsSM (2013/10/24)|
|Advance Auto Parts Refinances Credit Facility ()|
|Advance Auto Parts to Buy General Parts ()|
|Advance Auto Parts Launches 2013 National Sneaker Sales Campaign to Support JDRF (2013/8/21)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.