Advance Auto Parts Executive Summary
Executive Summary
Advance Auto Parts Incorporated
MGM 1304 A
Rhondalyn Wright
Colorado Technical University
Dr. Erick Agular
11/11/2013
It is the end of the third financial quarter and some exciting news is being reported. Here is an excerpt from The Miami Herald: Posted on Thu, Oct. 31, 2013
Advance Auto Parts 3Q profit up 16 percent
By MICHAEL FELBERBAUM
AP Business Writer
Advance Auto Parts says its third-quarter net income rose 16 percent as it benefited from its acquisition of a Northeast car parts supplier and its profit margins expanded.
The company on Thursday posted earnings of $103.8 million, or $1.42 per share, for the quarter ended Oct. 5. That 's up from $89.5 million, or $1.21 per share, a year ago. …show more content…
retained the seat at corporate headquarters and still performs the clerical tasks associated with that position, but now is known as Deputy Chief Executive Officer. This purchase created a position that was non-existent prior to the acquisition. By maintaining key individuals in those positions, Advance Auto can ensure that they can maintain sales and standards previously attained, allowing for some room to make adjustments in the new area and thereby minimizing the threats or risks to the existing contracts and projected sales of the initial business. We have learned that Advance Auto Inc. is a highly adept and capable company who is vibrant with life, thriving and growing through the changes in structure to expansion of processes, all the while maintaining a happy workforce who continues to learn, educate, and serve the public in a professional manor. This again proves that with the mission statement in mind, all parties think about the customer and their needs first! With the change in C.E.O.s, the entire staff recognizes from the top down that all employees of Advance Auto must perform in a professional manner at all times. This ground-breaking decision to retain the former C.E.O. and create the position of Deputy C.E.O. tells the staff that Advance Auto does care about its employees and will find a way to utilize your skills in every capacity they can as they become available. This offers a tremendous amount of job security to lower level …show more content…
has.
Living up to their motto: “We’re ready in advance!” They have more than proven themselves for the projected earnings in the upcoming year of 2014. Analysts expected of $1.43 per share on revenue of $1.53 billion.
Utilizing current technologically advanced webpages that interacts with visitor seeking advice or just wanting to gain information, manned by knowledgeable staff ready and willing to answer any question asked, or lead one to the information, Advance Auto Parts Inc. employees are on the frontline ready to assist the average auto owner and auto enthusiasts alike, they are there to assist you in purchasing the correct auto parts or accessories at a fair
Advance Auto Parts Incorporated
MGM 1304 A
Rhondalyn Wright
Colorado Technical University
Dr. Erick Agular
11/11/2013
It is the end of the third financial quarter and some exciting news is being reported. Here is an excerpt from The Miami Herald: Posted on Thu, Oct. 31, 2013
Advance Auto Parts 3Q profit up 16 percent
By MICHAEL FELBERBAUM
AP Business Writer
Advance Auto Parts says its third-quarter net income rose 16 percent as it benefited from its acquisition of a Northeast car parts supplier and its profit margins expanded.
The company on Thursday posted earnings of $103.8 million, or $1.42 per share, for the quarter ended Oct. 5. That 's up from $89.5 million, or $1.21 per share, a year ago. …show more content…
retained the seat at corporate headquarters and still performs the clerical tasks associated with that position, but now is known as Deputy Chief Executive Officer. This purchase created a position that was non-existent prior to the acquisition. By maintaining key individuals in those positions, Advance Auto can ensure that they can maintain sales and standards previously attained, allowing for some room to make adjustments in the new area and thereby minimizing the threats or risks to the existing contracts and projected sales of the initial business. We have learned that Advance Auto Inc. is a highly adept and capable company who is vibrant with life, thriving and growing through the changes in structure to expansion of processes, all the while maintaining a happy workforce who continues to learn, educate, and serve the public in a professional manor. This again proves that with the mission statement in mind, all parties think about the customer and their needs first! With the change in C.E.O.s, the entire staff recognizes from the top down that all employees of Advance Auto must perform in a professional manner at all times. This ground-breaking decision to retain the former C.E.O. and create the position of Deputy C.E.O. tells the staff that Advance Auto does care about its employees and will find a way to utilize your skills in every capacity they can as they become available. This offers a tremendous amount of job security to lower level …show more content…
has.
Living up to their motto: “We’re ready in advance!” They have more than proven themselves for the projected earnings in the upcoming year of 2014. Analysts expected of $1.43 per share on revenue of $1.53 billion.
Utilizing current technologically advanced webpages that interacts with visitor seeking advice or just wanting to gain information, manned by knowledgeable staff ready and willing to answer any question asked, or lead one to the information, Advance Auto Parts Inc. employees are on the frontline ready to assist the average auto owner and auto enthusiasts alike, they are there to assist you in purchasing the correct auto parts or accessories at a fair