Advance Auto Parts | $AAP (+0.2%)

Reports Q3 -$0.04 v $0.52e, Rev $2.15B v $2.67Be; Hacks outlook; Asset optimization program targeting reduction of 500 corporate stores, 200 independently owned locations and four distribution centers by mid-2025 (Advance Auto Parts Inc)

- Guides initial FY25 Rev $8.4-8.6B v $11.3Be

- Cuts FY24 -$0.60 to $0.00 v $2.19e, Rev $9.0B v $11.2Be, SSS -1.0% v -0.5%e, Op margin 0.25-0.75% (prior: $2.00-2.50, Rev $11.15-11.25B, SSS -1.0% to flat, Op margin 2.1-2.5%)