Advance Auto Parts Inc
AAP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.t<jC?Gx | LOCK|<> | LOCK|%# |
Advance Auto Parts: Results and Financing Aid Stability but Work Remains; Shares Pricey
Advance Auto Parts announced preliminary second-quarter results of flat to 0.1% sales growth and an adjusted operating margin of 2.8%-3.0%. Also, the firm is issuing $1.5 billion in notes in two tranches that mature in 2030 and 2033 to, in part, retire $300 million in debt that matures in 2026.
