ADVANCE AUTO PARTS INC (AAP) FY2026 10-K Annual Report
ADVANCE AUTO PARTS INC (AAP) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
ADVANCE AUTO PARTS INC FY2026 10-K Analysis
Business Overview
- • Core business: automotive aftermarket parts provider to professional installers, DIY customers, and independent operators in North America
- • New product: launched owned oil and fluids brand ARGOS® in January 2026 targeting affordable auto care products
- • Strategic shift: completed sale of Worldpac business for $1.44 billion, focusing more on Advance blended-box model and reshaped store footprint with 522 closures
- • Quantitative metric: reduced store count to 4,305 from 4,788 after 39 store openings and 522 closures under 2024 Restructuring Plan
- • Workforce: total 54,007 employees with 87.4% in store operations and 1.7% union representation as of January 3, 2026
Management Discussion & Analysis
- • Revenue performance and YoY change not disclosed in provided text
- • Restructuring expenses $204M in fiscal 2025 vs $309M in 2024 and $16M in 2023, showing a decrease in restructuring costs
- • Excess and obsolete inventory reserve $68M as of Jan 3, 2026 vs $302M Dec 28, 2024 including $18M vs $256M related to 2024 Restructuring Plan
- • Self-insurance reserves $156M as of Jan 3, 2026 vs $141M Dec 28, 2024; a 10% change would affect expense by ~$16M in 2025
- • No forward-looking revenue guidance or profitability outlook provided; key risks include inventory demand shifts, vendor bankruptcies, and actuarial assumptions impacting reserves
Risk Factors
- • No specific or timely risk factors disclosed in this section of the 10-K filing
ADVANCE AUTO PARTS INC FY2026 Key Financial MetricsXBRL
Source: XBRL data from ADVANCE AUTO PARTS INC FY2026 10-K filing on SEC EDGAR. All figures in USD.
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