Advance Auto Parts : 2025 Annual Report and Form 10K of 2025

About this update from Advance Auto Parts Inc.

2025 ANNUAL REPORT ABOUT ADVANCE AUTO PARTS CORPORATE PROFILE Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of JANUARY 3, 2026 4,305 ADVANCE AND CARQUEST STORES 809 INDEPENDENTS D E A R F E L L O W A D V A N C E A U T O P A R T S S H A R E H O L D E R S 2025 was a transformational year for Advance as we returned to positive annual comparable sales growth for the first time in four years! We also meaningfully expanded profitability by growing adjusted operating income margin by more than 200-basis points from near break-even levels! This progress stems from execution of initiatives outlined in our 2024 strategic plan. Our strategic plan is built on three fundamental pillars: merchandising, supply chain, and store operations. During 2025, we laid the foundation for a stronger future with a focus on the basics of selling auto parts driven by initiatives guided by the voice of our customers and front-line store teams. These initiatives are translating to improved operational and financial performance. Our strategy is focused on the blended box to serve both professional and DIY customers from the same store. The Advance team delivered progress on key operational elements that are vital to longterm success and value creation for our shareholders. We strengthened our core business by rationalizing our asset footprint, exiting sub-scale and underperforming locations, including more than 500 corporate stores and 200 independent locations, which saved approximately $70 million in operating costs. In Merchandising - The team-maintained focus on driving operational progress while navigating tariff-induced complexities. We significantly improved our assortment breadth by adding approximately 100,000 new SKUs, increasing store availability to the high 90% range from a low 90% range at the beginning of the year. We will continue to build on the successes of our 2025 assortment work to further expand parts coverage and optimize in-store presentation of SKUs. During 2025, we partnered with our vendors to reduce product costs by more than 70 basis points, which is supporting stronger profitability. We expect to deepen vendor partnerships to grow our businesses and unlock better cost opportunities in the future. In Supply Chain - We continued to make progress with our dis...

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