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advance auto parts 2006AnnualReport
This annual report provides an overview of Advance Auto Parts' performance in 2006. Some key points: - 2006 was a challenging year for consumers and retailers due to economic factors like rising interest rates and gas prices. Advance focused on improving customer service execution to address customers' needs. - Net sales grew to $4.6 billion. Comparable store sales grew 2.1% and earnings per share grew to $2.16. - Advance opened 210 new stores, reached 3,082 total stores, and became the industry leader in sales per store. - Initiatives to improve efficiency and reduce costs helped offset challenges in the operating environment. Advance will focus on more selective growth and improving returns in 2007
