Advance Auto Parts, Inc. (NYSE:AAP) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET
Company Participants
Lavesh Hemnani - Vice President, Investor Relations
Shane O'Kelly - President and Chief Executive Officer
Ryan Grimsland - Executive Vice President and Chief Financial Officer
Conference Call Participants
Greg Melich - Evercore ISI
Simeon Gutman - Morgan Stanley
Bret Jordan - Jefferies
Scot Ciccarelli - Truist
Michael Lasser - UBS
Christian Carlino - JPMorgan
Seth Sigman - Barclays
Steven Zaccone - Citigroup
Brian Nagel - Oppenheimer
Seth Basham - Wedbush Securities
Chris Bottiglieri - BNP Paribas
Operator
Welcome to the Advance Auto Parts Second Quarter 2024 Earnings Conference Call. Before we begin Lavesh Hemnani, Vice President, Investor Relations will make a brief statement concerning forward-looking statements that will be discussed on this call.
Lavesh Hemnani
Good morning and thank you for joining us today to discuss our Second Quarter 2024 Results. I'm joined today by Shane O'Kelly, President and Chief Executive Officer; and Ryan Grimsland, Executive Vice President and Chief Financial Officer. Following management's prepared remarks, we will take questions.
Before we begin, please be advised that management's remarks today will contain forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including but not limited to, statements regarding our strategic and operational review, initiatives, plans, projections, expectations for the future and the anticipated sale of our Worldpac business.
Actual results could differ materially from those projected or implied by the forward-looking statements. Additional information about forward-looking statements and factors that could cause actual results to differ can be found under forward-looking statements in our earnings release and risk factors in our most recent Form 10-K and subsequent filings made with the SEC.
Now let me turn the call over to Shane O'Kelly. Shane?
Shane O'Kelly
Thank you, Lavesh, and good morning, everyone. I would like to start by expressing my appreciation for the hard work exhibited by our team members over the past several months. During the second quarter, our frontline team navigated a weak demand environment as consumers continue to feel the weight of an uncertain macroeconomic climate.
Despite the headwinds, our team maintained focus on serving customers and driving progress on our strategic priorities. We ended the second quarter with positive comparable sales growth of 0.4% led by our pro-business. DIY remained pressured, but improved sequentially.
Our second quarter comp performance is a step in the right direction. Moreover, the opportunity ahead of us to drive sustainable growth, recapture market share and position Advance for long-term value creation remain substantial.