NYSE:AAPSpecialty Retail
The Bull Case For Advance Auto Parts (AAP) Could Change Following Rapid Profit Recovery and Capital Restructuring
Advance Auto Parts recently returned to profitability in the second quarter, following operational changes to optimize its store footprint and the completion of a US$1.95 billion senior notes offering along with a new US$1 billion asset-backed revolving credit facility.
Positive comparable sales growth in the Pro business segment, combined with strengthened capital structure, underpinned the company’s turnaround efforts and renewed investor focus on long-term stability.
With store...