ADVANCE AUTO PARTS INC Earnings Per Share Disclosure
The computations of basic and diluted earnings per share were as follows:
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Year ended |
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January 3, 2026 |
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December 28, 2024 |
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December 30, 2023 |
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Numerator |
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Net income (loss) from continuing operations |
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$ |
68 |
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$ |
(587 |
) |
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$ |
(30 |
) |
Net (loss) income from discontinued operations |
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(24 |
) |
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251 |
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|
60 |
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Net income (loss) applicable to common shares |
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$ |
44 |
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$ |
(336 |
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$ |
30 |
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Denominator |
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Basic weighted average common shares |
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59.9 |
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59.6 |
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59.4 |
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Dilutive impact of share-based awards |
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0.7 |
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0.3 |
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0.2 |
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Diluted weighted average common shares(1) |
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60.6 |
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59.9 |
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59.6 |
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Basic earnings (loss) per common share from continuing operations |
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$ |
1.13 |
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$ |
(9.84 |
) |
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$ |
(0.51 |
) |
Basic (loss) earnings per common share from discontinued operations |
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(0.40 |
) |
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4.21 |
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1.01 |
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Basic earnings (loss) per common share |
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$ |
0.73 |
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$ |
(5.63 |
) |
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$ |
0.50 |
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Diluted earnings (loss) per common share from continuing operations |
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$ |
1.13 |
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$ |
(9.80 |
) |
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$ |
(0.50 |
) |
Diluted (loss) earnings per common share from discontinued operations |
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(0.40 |
) |
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4.19 |
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1.00 |
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Diluted earnings (loss) per common share |
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$ |
0.73 |
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$ |
(5.61 |
) |
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$ |
0.50 |
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(1) For fiscal 2025, 2024 and 2023, restricted stock units ("RSUs") excluded from the diluted calculation as their inclusion would have been anti-dilutive were 0.8 million, 0.5 million and 0.3 million, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Feb 13, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 22, 2021 | |
| 2019 | Feb 18, 2020 | |
| 2018 | Feb 19, 2019 | |
| 2017 | Feb 21, 2018 | |
| 2016 | Feb 28, 2017 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.