Filing Flows › Advance Auto Parts (AAP) › Q4 2024
Advance Auto Parts (AAP) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Advance Auto Parts (AAP) reported revenue of $2.0B for the fourth quarter 2024 (Q4 2024), -51% from a year earlier and -7% from the quarter before. Operating margin was -41.1%, net loss $415M (20.8% of revenue).
Advance Auto Parts, Q4 2024: revenue $2.0B (-51% year over year), operating margin -41.1%, net loss $415M, operating cash flow −$73.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -7% | -51% |
| Operating profit | −$820M | — | — |
| Net earnings | −$415M | — | — |
| Operating cash flow | −$73.0M | — | — |
What changed
Revenue was $2.0B in Q4 2024, down 51% year over year and down 7% from the previous quarter.
Gross margin was 17.4%, down 5.8 points from a year earlier. Operating costs exceeded revenue by $0.82B, an operating margin of -41.1%. Operating expenses grew 17% against a revenue fall of 51%. The quarter ended with a net loss of $0.41B, wider than the previous quarter's $0.01B loss. Non-operating items added $0.19B, -30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.07B. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.26B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.12B.
Questions
What was Advance Auto Parts' revenue in the fourth quarter 2024?
Advance Auto Parts (AAP) reported revenue of $2.0B for the fourth quarter 2024 (Q4 2024), -51% from a year earlier and -7% from the quarter before.
Was Advance Auto Parts profitable in the fourth quarter 2024?
Operating loss was $820M (-41.1% of revenue) and net loss $415M.
Source: Advance Auto Parts 10-K on SEC EDGAR.