Advance Auto Parts Inc

AAP: XNYS (USA)
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Signs of Progress in Advance Auto Parts’ Turnaround, but There's a Long Road Ahead

Business Strategy and Outlook

For the better part of the past 15 years, Advance Auto Parts has grappled with bloated expenses and supply chain inefficiencies that continue to plague its cost structure and product availability. The company’s first two attempts at a strategic turnaround failed to materialize under past CEOs Darren Jackson (2008-15) and Tom Greco (2016-23). In 2023, the firm called upon Shane O’Kelly to lead another turnaround.

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