11:26 AM EDT, 08/14/2025 (MT Newswires) -- (Updates with stock move in headline and first paragraph.)

Advance Auto Parts ( AAP ) shares were down more than 11% in recent trading on Thursday after the company reported a increase in adjusted earnings and a drop in net sales for Q2.

The company reported fiscal Q2 adjusted earnings Thursday of $0.69 per diluted share, compared with $0.62 a year earlier.

Analysts polled by FactSet expected $0.56.

Net sales for the quarter ended July 12 were $2.01 billion, compared with $2.18 billion a year earlier.

Analysts surveyed by FactSet expected $1.98 billion.

The company expects fiscal adjusted diluted EPS of $1.20 to $2.20 on net sales of $8.4 billion to $8.6 billion, assuming current tariffs remain in place for the remainder of the year. In May, the company stated that it expected fiscal 2025 adjusted EPS to be between $1.50 and $2.50 on net sales of $8.4 billion to $8.6 billion. Analysts polled by FactSet expect $1.84 on sales of $8.53 billion.

Price: 54.53, Change: -7.28, Percent Change: -11.78