ADVANCE AUTO INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Advance Auto Parts, Inc. - AAP
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Advance Auto Parts, Inc. (NYSE: AAP).On May 31, 2023, the Company disclosed disappointing results for 1Q 2023, including a decrease in operating margin to 2.6% (compared to 6% in the prior-year period), due to “higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix,” as well as cuts to its full year 2023 guidance, including expected full-year EPS of only $6.00 to $6.50 (compared to previous guidance of $10.20 to $11.20) and a decrease in its quarterly dividend of 83%, from $1.50 quarterly to $0.25.Thereafter, the Company and certain of its executives have been sued in a securities class action lawsuit charging them with failing to disclose material information in violation of federal securities
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AAP
Earnings
- 2/28/24 - Miss
AAP
Sec Filings
- 4/8/24 - Form DEF
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form ARS
- AAP's page on the SEC website