Advance Auto Parts Reports Second Quarter Results

Advance Auto Parts, Inc. AAP today announced its financial results for the second quarter ended July 17, 2010. Second quarter earnings per diluted share (EPS) were $1.16 which was a 40% increase over the second quarter last year. Excluding the $0.06 charge related to store divestitures recorded during the second quarter of fiscal 2009, EPS increased 30%. Total sales for the second quarter increased 7.2% to $1.42 billion, compared with total sales of $1.32 billion during the second quarter of fiscal 2009. The Company's gross profit rate was 50.4% of sales during the second quarter as compared to 49.3% during the second quarter last year.