Advance Auto Parts 2016 Fiscal Results

In its 2016 financial report, Advance Auto Parts Inc. reported total sales year-over-year were down to $9.57 billion, compared to 2015’s $9.74 billion.

Published: February 21, 2017

In its 2016 financial report, Advance Auto Parts Inc. reported total sales year-over-year were down to $9.57 billion, compared to 2015’s $9.74 billion.

The company’s gross profit rate was also slightly down at 44.5% of sales for fiscal 2016, compared to 45.4% in 2015.

Additionally, the company’s adjusted operating income was 9.4% in 2016 versus 10.2% in 2015.

Advance Auto Parts operates 5,062 stores and 127 Worldpac branches, plus it serves 1,250 independently owned Carquest stores, as of December 31, 2016.

Cosmo Tires to include 40,000-70,000 mileage warranty on all PLT tires

Cosmo will continue its portfolio expansion later this year when it launches its new Gripit X/T, Rockit R/T, and Cosmo Kurrent.

By Christian Hinton

Published: April 22, 2024

Cosmo Tires, distributed by Tire Group International, has introduced changes to its mileage warranty and road-hazard programs which will now feature a mileage warranty of 40,000-70,000 miles for all passenger and light truck tires offered.

“Our products are over-built and tested on the most rigorous tracks and terrains around the globe and this reflects our investments in manufacturing and quality. Now, all passenger and light truck tires carry Cosmo’s road hazard and mileage warranty ranging from 40,000-70,000 miles," said Dominick Montouri, chief strategy officer of Tire Group International, said.