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Glancy Prongay & Murray LLP Announces Investigation on Behalf of Advance Auto Parts, Inc. Investors (AAP)

Advance Auto Parts, Inc W/I (AAP)  More Company Research Source: Business Wire
Last advance auto parts, inc w/i earnings: 11/13 06:30 am Check Earnings Report
PDF LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Advance Auto Parts, Inc. (“Advance Auto” or the “Company) (NYSE: AAP) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Advance Auto investigation page on our website at www.glancylaw.com. On May 24, 2017, Advance Auto reported financial and operating results for the first fiscal quarter of 2017, including a quarterly sales decline of 3.0%. Advance Auto also reported a quarterly decline in gross profit, “primarily driven by investments in the customer, inventory optimization efforts and supply chain expense deleverage due to the comparable store sales decline.” On this news, the Company’s share price fell $7.64, or roughly 5.4%, to close at $133.02 on May 24, 2017. T [Read more]

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