Advance Auto Parts Inc

AAP: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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