ATLANTA, June 01, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Advance Auto Parts, Inc. (“Advance Auto Parts” or the “Company”) (NYSE: AAP) complied with federal securities laws. On May 31, 2023, Advance Auto Parts announced financial results for the first quarter of fiscal year 2023 and reduced the Company’s full-year guidance and quarterly dividend. The Company attributed the results to an operating margin rate of 2.6% in the quarter that was “well below expectations due to higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix." Following this news, the price of the Company’s stock dropped.

If you purchased Advance Auto Parts stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at  cholzer@holzerlaw.com  or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/advance-auto-parts/ to discuss your legal rights.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.  

CONTACT:  
Corey Holzer, Esq.  
(888) 508-6832 (toll-free)  
cholzer@holzerlaw.com