An update on further plans for Worldpac will be provided at an upcoming earnings call on Nov. 14.
“The completion of the Worldpac transaction is a pivotal moment in the simplification of our business model,” said Advance Auto Parts President and CEO Shane O’Kelly. “The sale enables us to focus on actions to strengthen our blended-box business, which will elevate the performance of our core operations, and support our goal of delivering consistent profitable operating results.”
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Ratchet+Wrench Staff Reporters
The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.