Advance Auto ratcheting higher as turnaround gains traction in Q1

[출처/시간] Briefing.com - 11:55 AM ET, 05/21/2026

Advance Auto (AAP) delivered a much stronger-than-expected first quarter, with comparable sales up 3.5% and earnings of $0.77 per share, well ahead of the Street's estimate. Revenue also topped expectations at $2.61 bln, and the company said the quarter reflected meaningful progress in parts availability, customer service, and overall execution.The Pro business remained the main growth driver, while DIY returned to positive low-single-digit growth, suggesting the turnaround is gaining traction across both customer bases. Gross margin expanded sharply to 45.1%, and adjusted operating margin improved to 3.8%, showing that merchandising and productivity initiatives are beginning to flow through the income statement.AAP reaffirmed full-year guidance for sales, comp growth, and EPS, which signals confidence even after a strong Q1 beat.The company also highlighted continued progress in its supply chain overhaul, including DC consolidation, new market hubs, and transportation redesign, all of which should support efficiency and product availability over time. The stock is surging higher on the release, as investors are responding positively to the combination of a sizeable beat, better margins, and an intact outlook.