![ADVANCE AUTO PARTS INC [AAP] reports annual net loss of $29.7 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FAAP.png&w=3840&q=75)
ADVANCE AUTO PARTS INC [AAP] reports annual net loss of $29.7 million
Company Reports Revenue of $11.3 billion
ADVANCE AUTO PARTS INC [AAP] has reported a net loss of $29.7 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $11.3 billion
Based in RALEIGH, North Carolina, ADVANCE AUTO PARTS INC operates in the RETAIL sector.
In the fiscal year ending December 30, 2023, the company reported net sales of $11.29 billion, a slight increase compared to the previous year's net sales of $11.15 billion. This increase in revenue indicates steady growth in the company's top-line performance.
The cost of sales for the same period in 2023 was $6.76 billion, higher than the previous year's cost of sales of $6.22 billion. This increase suggests higher expenses related to generating the revenue, potentially impacting the company's gross profit margin.
