Consumer Demand UncertaintyAAP continues to make good progress on its turnaround plan, but it's still in the very early stages, with lingering uncertainty around the health of the consumer and the potential impacts from price inflation on demand.
Operational ChallengesAAP is an early-innings turnaround story, and while its overall strategy makes sense, there is caution until tangible results are seen.
Weakened Demand TrendsDemand trends weakened as the quarter progressed — with the first four weeks of the quarter strongest, followed by a moderation during the last eight.