Advance Auto Parts sees Q2 revenue $1.98B-$2B, consensus $1.97B

Sees Q2 comparable store sales flat to up 0.1%. Sees Q2 adjusted operating income margin 2.8%-3%. “Our team remains focused on implementing our strategic initiatives to improve business performance. We are pleased to share preliminary second-quarter financial results, which align with the upper range of our expectations, demonstrating progress in our turnaround efforts,” said Shane O’Kelly, president and chief executive officer. “Today, we are announcing proactive debt financing transactions, aimed at preserving financial flexibility for the business as we continue to execute our initiatives.”