Advance Auto Parts Reports First Quarter Fiscal 2012 Diluted EPS Increase Of 32.6% To $1.79

Advance Auto Parts, Inc. (NYSE: AAP), a leading retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, today announced its financial results for the first fiscal quarter ended April 21, 2012. First quarter earnings per diluted share (EPS) were $1.79 which was a 32.6% increase over the first quarter last year.

First Quarter Performance Summary
		Sixteen Weeks Ended
		April 21,				April 23,
		2012				2011
Sales (in millions)		$	1,957.3			$	1,898.1
Comp Store Sales %		2.1		%		1.4		%
Gross Profit %		50.1		%		50.5		%
SG&A %		38.6		%		40.7		%
Operating Income %		11.5		%		9.8		%
Diluted EPS		$	1.79			$	1.35
Avg Diluted Shares (in thousands)		74,223				81,019

“We are pleased with our overall performance during our first quarter despite a meaningful slowdown in our sales trends in the month of April. Our commitment to lead in Service, while adapting our costs to the current business environment allowed us to generate a solid comp store sales performance and a 21% growth in our operating income,” said Darren R. Jackson, President and Chief Executive Officer. “Our second quarter sales trends remain challenging despite the positive long-term industry fundamentals. We remain committed to executing our key priorities while making adjustments to these short term sales trends.”

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