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YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. for identical assets or liabilities. Level 2—Inputs, other than the quoted prices in active markets, are observable either directly or indirectly. Level 3—Unobservable inputs based on the Company’...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. America Great Health’s diluted loss per share is the same as the basic loss pe...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 30, 2022. America Great Health accounts for uncertainty in income taxes using a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax positio...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. See Footnote 2 of the financial statements for a discussion of recently issued accounting standards. Contractual Obligations and Off-Balance Sheet Arrangements We do not have any contractual obliga...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of December 31, 2022. Based on this evaluation, our principal executive officer and prin...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The matters involving internal controls and procedures ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors’ results in ineffective oversight in the establishment a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Item 4. Mine Safety Disclosures. Not applicable. Item 5. Other Information. None. Item 6. Exhibits and Financial Statement Schedules 31.1 Certification of CEO and CFO. Filed herewith. 32.1 Ce...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 29 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Ac...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of ea...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 4911 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Securities Registered Pursuant to Section 12(b) of the Act: ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ INFORMATION ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ) approval of the 2023 Employee Share Purchase Plan, (4) non-binding advisory vote to approve the compensation of the Company’s named executive officers, (5) non-binding advisory vote on the frequenc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,401 547,593 27,065 Thomas R. Greco 45,493,498 419,321 30,240 Joan M. Hilson 45,702,034 214,148 26,877 Jeffrey J. Jones II 42,295,471 3,620,288 27,300 Eugene I. Lee, Jr. 44,386,764 1...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 516 26,948 There were 4,854,930 broker non-votes recorded for each nominee. The 2023 Omnibus Incentive Compensation Plan was approved by the following non-binding advisory vote: FOR AGAINST ABS...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ST ABSTAIN BROKER NON-VOTES 41,764,021 4,101,396 77,642 4,854,930 The vote for frequency of future votes on the compensation of the named executive officers was as follows on a non-binding, ad...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. firm for 2023. The vote on the proposal was as follows: FOR AGAINST ABSTAIN 48,085,665 2,690,861 21,463 A majority of the Company’s outstanding shares were cast against the vote to approve th...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Current Report on Form 8-K is formatted in Inline XBRL. 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document included in Exhibit 101.1). SIGNATURES Pursuant to the re...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of ea...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 4911 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Securities Registered Pursuant to Section 12(b) of the Act: ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ INFORMA...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed to be incorporated by reference in any filing under the Se...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. serving as an employee or executive officer of the Company in this interim capacity. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 99.1 Press Relea...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. behalf by the undersigned hereunto duly authorized. ADVANCE AUTO PARTS, INC. Date: May 31, 2023 /s/ William J. Pellicciotti Jr. William J. Pellicciotti Jr. Senior Vice President, Controller an...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-K ________________________________________________ ANNUAL REPORT PURS...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. aware 54-2049910 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 4200 Six Forks Road, Raleigh, North Carolina 27609 (Address of principal exec...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 405 of Registration S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive offic...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. New York Stock Exchange. As of February 24, 2023, the number of shares of the registrant’s common stock outstanding was 59,273,781 shares. Documents Incorporated by Reference: Portions of the r...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Part II. Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6. [Reserved] 18 Item 7. Management's Discussion an...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 10. Directors, Executive Officers and Corporate Governance 29 Item 11. Executive Compensation 29 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “will,” or similar l...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements....
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. could cause actual results to differ materially from those projected or implied by the forward-looking statements. Table of Contents PART I Item 1. Business. Unless the context otherwise requir...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. We are a leading automotive aftermarket parts provider in North America, serving both professional installers (“professional”) and “do-it-yourself” (“DIY”) customers, as well as independently owned o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 1980s. During the 1980s, we began targeting the sale of automotive parts and accessories to DIY customers. We initiated our professional delivery program in 1996 and have steadily increased our sales...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. sites and market locations in which we operate include population, demographics, traffic count, vehicle profile, competitive landscape and the cost of real estate. During 2022 , 144 stores and bra...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Our 4,440 stores, inclusive of 328 hubs, as of December 31, 2022 are generally located in freestanding buildings with a focus on both professional and DIY customers. The average size of an Advance A...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of December 31, 2022, including 148 stores in Canada, are generally located in freestanding buildings with a primary focus on professional customers, but also serve DIY customers. The average size o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. sophisticated online ordering and fulfillment system. Worldpac’s branches are generally larger than our other store locations, averaging approximately 18,400 square feet. Worldpac’s complete product...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. states and two U.S. territories, and 171 stores and branches were located in nine Canadian provinces. We serve our stores and branches primarily from our principal corporate offices in Raleigh, NC ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Climate control parts Electronics Motor oil Clutches and drive shafts Floor mats, seat covers and interior accessories Oil filters Engines and engine parts Hand and specialty tools Part clean...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. core and warranty products. Customer returns have historically been immaterial. Our Customers Our professional customers consist primarily of customers for whom we deliver products from our store ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. : Battery and wiper installation; Check engine light scanning; Electrical system testing, including batteries, starters and alternators; Oil and battery recycling; and Loaner tool programs. We ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. in size from approximately 57,000 to 943,000 square feet with total square footage of approximately 12.6 million, including one distribution center dedicated to reclamations. In 2022, we closed dist...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and also generate DIY customer traffic. Some of our brands include Bosch , Castrol , Dayco , Denso , Fram , Gates , Meguiar’s TM , Mobil 1 TM , Moog , Monroe , NGK , Prestone , Purolat...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. we own the right to sell batteries and to extend the DieHard brand into other automotive and vehicular categories. We granted the seller an exclusive royalty-free, perpetual license to develop, mar...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. media, sponsorships, store execution, public relations and Speed Perks (our customer loyalty program). Seasonality Our business is somewhat seasonal in nature, with the highest sales usually occur...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Accountable, Take Action, Move Forward, Grow Talent and Champion Inclusion. Our Cultural Belief of Grow Talent highlights the importance to us of developing our team members in their careers, and we...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. employed in store-level operations, 13% in distribution and 5% in our corporate offices. As of December 31, 2022, approximately 2% of our team members were represented by labor unions. Additional i...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,” “Carquest ,” “CARQUEST Technical Institute ,” “DieHard ,” “DriverSide ,” “MotoLogic ,” “MotoShop ,” “speedDIAL ,” “TECH-NET Professional Auto Service ” and “Worldpac ” for use in connec...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. (i) both national and regional chains of automotive parts stores, including AutoZone, Inc., NAPA, O’Reilly Automotive, Inc., The Pep Boys-Manny, Moe & Jack and Auto Plus (formerly Uni-Select USA, In...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. part of a chain or associated with other retailers or jobbers. The principal methods of competition in our business include brand recognition, customer service, product offerings, availability, qual...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and other recyclable items at a majority of our stores as a service to our customers. Pursuant to agreements with third-party vendors, lead-acid batteries, used motor oil and other recyclable items ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. costs associated with the current business practice of accepting lead-acid batteries, used oil and other recyclable items as these costs are borne by the respective third-party vendors. We own and ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. properties for personal injury or property damage associated with exposure to released hazardous substances. From time to time, we receive notices from the U.S. Environmental Protection Agency and s...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to date. For more information, see the following disclosures in “ Part I. Item 1A. Risk Factors ” elsewhere in this report. Table of Contents Available Information Our Internet address is www....
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. after we electronically file such materials with, or furnish them to the SEC. The SEC maintains a website that contains reports, proxy statements and other information regarding issuers that file el...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. future prospects, which could in turn materially affect the price of our common stock. Risks Related to Our Operations and Growth Strategy If we are unable to successfully implement our business s...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to effectively manage change throughout our organization. Implementing strategic initiatives could disrupt or reduce the efficiency of our operations and may not provide the anticipated benefits, or...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. effective execution across all of our locations and brands. There is uncertainty about the profitability of newly opened locations, including whether newly opened stores will harm the profitability ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. manage the expansion and to hire, train and retain qualified team members. We compete with other retailers and businesses for suitable locations for our stores. Local land use and zoning regulation...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. termination or expiration of leases at existing store locations may adversely affect us if the renewal terms of those leases are unacceptable to us and we are forced to close or relocate stores. If ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. experience to our customers through both online and in-store shopping experiences. Operating an e-commerce platform is a complex undertaking and exposes us to risks and difficulties frequently exper...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. significantly impact our profitability and growth and affect our ability to attract new customers, as well as maintain our existing ones. Enhancing the customer experience through omnichannel progr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. platform, including interruptions due to cyber-related issues or natural disasters, as well as supply and distribution delays and other related issues may affect the successful operation of our e-co...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Acquisitions, joint ventures and other strategic relationships involve certain risks that could cause our growth and profitability to differ from our expectations. The success of these acquisitions ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. significant transaction or integration costs that may not be offset by the synergies or other benefits achieved in the near term or at all; additional operational risks, such as those associated wit...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. process of implementing and updating various information systems. These implementations will require significant investment of human and financial resources, and we may experience significant delays...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. business, which could adversely affect our business, financial condition, results of operations and cash flows. Our store inventories are primarily replenished by shipments from our network of dist...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. are dependent on our suppliers to supply us with products that comply with safety and quality standards at competitive prices. We are dependent on our vendors continuing to supply us with quality p...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. suppliers to operate within these same principles. Our ability to find qualified suppliers who can supply products in a timely and efficient manner that meet our standards can be challenging. Events...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. lost sales. In those circumstances, it may be difficult and costly for us to regain the confidence of our customers. Our reliance on suppliers, including freight carriers and other third parties in...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. - for example, their financial strength, the strength of their brand with customers, their own stores or online channels or their relationships with other retailers - to our commercial disadvantage....
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. consumer demand, shortages of raw materials and disruptions to the global supply chain resulting from lack of carrier capacity, labor shortages, port congestion and/or closures, amongst other factor...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. many qualified executives and other team members, whom we may not be able to attract, develop and retain. Our success, to a significant extent, depends on the continued engagement, services and exp...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. believe was primarily attributable to COVID-19-pandemic-related factors, and in turn has created increased competition in labor markets. Disruptions and heightened competition may increase our costs...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of the business, or otherwise negatively impact our growth prospects or future operating results. In February 2023, our President and Chief Executive Officer informed our Board of his intention to r...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. labor model and wage rates, could have a significant impact to the profitability of our business. In addition, approximately 2% of our team members are represented by unions. If these team members w...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. legal fees and other costs. We are sometimes the subject of complaints or litigation, which may include class action litigation from customers, team members or others for various actions. From time...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. financial condition, results of operations and cash flows. For instance, we are subject to numerous lawsuits alleging injury as a result of exposure to asbestos-containing products (see Note 13. C...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to governmental or judicial fines or sanctions while incurring substantial legal fees and costs as well as reputational risk. In addition, our capital and operating expenses could increase due to re...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. identifiable information about our customers, suppliers and team members, some of which is entrusted to third-party service providers. While we have taken and continue to undertake significant steps...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , privacy and information security regulations change, and efforts to overcome security measures by bad actors continue to become ever more sophisticated. The cost of complying with stricter and more...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. inducement (including so-called “social engineering” attacks and “phishing” scams) or other acts. While we have experienced threats to our data and systems, including phishing attacks, to date we ar...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to or interference with our equipment or our network, or unauthorized access in the future could result in significant operational difficulties including legal and financial exposure and damage to o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , which may adversely impact our sales and profitability. Hurricanes, tornadoes, earthquakes or other natural disasters, war or acts of terrorism, public health issues or pandemics or the threat of ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. negatively affected. In the event that commercial transportation, including the global shipping industry, is curtailed or substantially delayed, our business may be adversely impacted as we may hav...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. report results. These systems are subject to damage or interruption due to various reasons such as power outages, telecommunication failures, computer viruses, security breaches, malicious cyber att...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. business, financial condition, results of operations and cash flows will suffer. Decreased demand could also negatively impact our stock price. Overall demand for products we sell depends on many f...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. extended periods of rain and winter precipitation may cause our customers to defer elective maintenance and repair of their vehicles; additionally, overall climate changes could create greater varia...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. other websites on the internet may decrease the need for customers to visit and purchase their aftermarket parts from our physical stores and may cause fewer customers to order aftermarket parts on ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. repair and maintain their vehicles , because this may force consumers to have a majority of diagnostic work, repairs and maintenance performed by the vehicle manufacturers’ dealer networks. We may...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. higher need for maintenance and repair, or the relevancy of the products we sell to new vehicles coming into production. We 12 Table of Contents may not be able to accurately predict, prepare for...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . The sale of automotive parts, accessories and maintenance items is highly competitive and influenced by a number of factors, including name recognition, location, price, quality, product availabil...