Advance Auto Parts Inc. (AAP) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Actual results could differ materially from those projected or implied by the forward-looking statements. Additional information can be found under forward-looking statements in our earnings release and risk factors in our most recent Form 10-K and subsequent filings made with the SEC. Shane will begin today's call with an update on the business and our strategic priorities. Later, Ryan will discuss results for the first quarter and provide an update on 2025 guidance. Following management's prepared remarks, we will open the line for questions. Now, let me turn over the call to our CEO, Shane O'Kelly. Thank you, LaVesh, and good morning, everyone. I want to take a moment to express my gratitude for the hard work, unwavering commitment, and dedication of the advanced team. I am pleased to report that our team delivered better than expected first quarter results. After a challenging start to the year for the industry, we began to see demand rebound in late February, led by our pro business. For the quarter, Pro grew in the low single-digit range, including eight consecutive weeks of positive comparable sales growth in the U.S. This positive momentum in Pro has continued during the first four weeks of Q2, driven by our focus on providing exceptional customer service. In addition to better-than-expected top-line results, we also reported stronger profitability with near break-even adjusted operating margins. and we're on track to deliver positive operating margins starting with Q2. Based on our performance to date and expected progress on our initiatives for the remainder of the year, we are reaffirming our full year 2025 guidance. Ryan will provide additional details later, and I want to note that our guidance also considers the impacts of tariffs currently in effect al...