Advance Auto Parts Inc

Advance Auto Parts, Inc. (the “Company”) is unable to complete the filing of its Annual Report on Form 10-K for the fiscal year ended December 30, 2023 (the “Form 10-K”), within the prescribed time frame without unreasonable effort or expense due to the circumstances described below. The Company needs additional time to finalize its assessment of its internal control over financial reporting and related disclosures and to complete its procedures for finalizing the Form 10-K. The Company expects to file the Form 10-K prior to the expiration of the extension period. As previously disclosed, management identified a material weakness in its internal control over financial reporting that existed due to turnover of key accounting positions during the first quarter of 2023. The Company was unable to attract, develop and retain sufficient resources to fulfill internal control responsibilities during the first quarter. Although that material weakness continued to exist at December 30, 2023, the Company has devoted, and will continue to devote, significant time and resources to remediate the material weakness and enable the Company to conclude full remediation once the remedial actions have been completed and have operated effectively for a sufficient period of time. As previously disclosed, the Company has completed substantial remediation actions, including hiring experienced personnel, including a new Chief Financial Officer (CFO) who began employment with the Company on November 27, 2023, and a new Chief Accounting Officer (CAO) who began employment with the Company on January 9, 2024. In the course of completing the preparation of its annual financial statements for the Form 10-K with the additional personnel and under the leadership of the new CFO and CAO, the Company identified certain accounting errors impacting cost of sales and selling, general and administrative costs occurring in fiscal years 2022 and 2021

Advance Auto Parts, Inc. (the “Company”) is unable to complete the filing of its Quarterly Report on Form 10-Q for the quarter ended October 7, 2023 (the “Form 10-Q”) within the prescribed time frame without unreasonable effort or expense due to the circumstances described below. In the course of completing the preparation of its quarterly financial statements for the Form 10-Q, the Company identified certain accounting errors impacting cost of sales and selling, general and administrative costs occurring in fiscal year 2022. The Company evaluated the errors and determined that the related impacts were not material to the previously issued consolidated financial statements for any prior period, however, the Company, in consultation with the Company’s audit committee, management and external auditors, determined that the Company’s consolidated financial statements for the affected periods should be revised. The Company accordingly needs additional time to finalize the revisions to its financial statements for prior periods that will be reported in the Form 10-Q and to complete its procedures for finalizing the Form 10-Q. Although it is currently in compliance with all bank covenants, the Company also needs additional time to seek an amendment of certain covenants related to the consolidated coverage ratio for future periods under the Credit Agreement, dated November 9, 2021, with Advance Auto Parts, Inc., as Borrower, Advance Stores Company, Incorporated, as a Guarantor, the lenders party thereto, and Bank of America, N.A., as administrative agent (as amended, the “Credit Agreement”). The Company believes that it will be able to secure the necessary amendment from its lenders on a timely basis. The Company expects to file the Form 10-Q prior to the expiration of the extension period

Advance Auto Parts, Inc. (the “Company”) is unable to complete the filing of its Quarterly Report on Form 10-Q for the quarter ended April 22, 2023 (the “Form 10-Q”) within the prescribed time frame without unreasonable effort or expense due to the circumstances described below. In the course of completing the preparation of the quarterly financial statements for the Form 10-Q, the Company determined that it had a deficiency in the Company’s internal control over financial reporting as of April 22, 2023. Specifically, during the first quarter of fiscal 2023, the Company experienced the loss of certain accounting personnel and turnover of accounting positions, which may have resulted in a deficiency that represented a material weakness in the Company’s internal control over financial reporting as of April 22, 2023. The Company needs additional time to assess the control deficiency and its remediation and to complete its procedures for finalizing the Form 10-Q. The Company expects to file the Form 10-Q prior to the expiration of the extension period. Although the Form 10-Q is not completed, the Company expects that the financial statements in the Form 10-Q will be consistent with the financial information reported in the earnings release furnished as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed on May 31, 2023 (the “Earnings Release”). Forward-Looking Statements Certain matters discussed in this Form 12b-25 constitute forward-looking statements within the meaning of the federal securities laws