|Day's Range||121.29 - 123.30|
|52 Week Range||118.26 - 177.83|
|PE Ratio (TTM)||22.09|
|Dividend & Yield||0.24 (0.20%)|
|1y Target Est||N/A|
A spokeswoman for Advance Auto Parts (AAP) has confirmed what employees across the country have been talking about for a week : The auto parts retailer is culling management-level job positions companywide. “We communicated to our team last week some structural changes within our field, supply chain and corporate support functions which, in some cases, resulted in position eliminations,” said company spokeswoman Laurie Stacy in a statement issued Tuesday morning. The impacted jobs equate to less than 1 percent of Advance Auto Parts’ payroll of close to 74,000 full-time and part-time employees across the U.S., Canada and surrounding territories.
The company hasn't confirmed the layoffs, but CEO Tom Greco said they're cutting four divisions to just two after 'extensive work' on field leadership.
Advance Auto Parts (AAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.