What is Advance Auto Parts's latest dividend and current dividend yield?

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What guidance did Advance Auto Parts's management provide for the next earnings period?

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What were the key takeaways from Advance Auto Parts’s earnings call?

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What does Advance Auto Parts do and what are its main business segments?

Did Advance Auto Parts beat or miss consensus estimates last quarter?

- **Strategic Momentum**: 60 market hubs by 2027, 7% margin target.
- **Financial Strength**: $2B liquidity, 44.8% gross margin.
- **Operational Focus**: 70% SKUs upgraded, 4-4.5% inflation in Q4.

**【CEO Summary Section】**
- Emphasized strategic priorities: merchandising, pricing, and supply chain improvements.
- Highlighted recovery in North American market and investment in AI for operational efficiency.
- Announced 2026 goals: 60 market hubs, 7% operating margin, and reduced DCs to 16.

**【CFO Financial Commentary】**
- GAAP net income: $420M; Non-GAAP EPS: $1.08 (beat estimates).
- Operating expenses down 5% YoY due to store closures and cost control.
- Free cash flow: Negative $277M YTD, with $150M in store optimization costs.

**【Q&A Key Highlights】**
- **Demand Elasticity**: Consumer spending cautious; DIY channel volatile due to price adjustments.
- **Inventory Strategy**: Increased SKUs in stores (70%+ DMAs upgraded) to improve service levels.
- **Inflation**: Expect 4-4.5% in Q4; LIFO expenses $70M vs. $33M Q3.
- **Market Hubs**: 33 hubs by year-end (vs. 28 planned), targeting 60 by 2027.
- **Supply Chain**: Stable through $2B capital raise; minimal risk from vendor bankruptcy (2% COGS exposure).

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