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Grand News Network | November 8, 2023

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Advance Auto Parts, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 8, 2023 – (NYSE: AAP)

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Advance Auto Parts, Inc.

Shareholders who purchased shares of AAP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/advance-auto-parts-loss-submission-form/?id=54973&from=3

CLASS PERIOD: November 16, 2022 to May 30, 2023

ALLEGATIONS: The complaint alleges that defendants made false and/or materially misleading statements that: 1) misrepresented the efficacy of AAP's strategic pricing initiative and the impact of price reductions; 2) omitted and/or concealed the negative impacts of the pricing initiative; 3) provided investors with an overly optimistic perception of AAP's operations; and 4) created the false impression that inflation and macroeconomic factors had an insubstantial impact on the Company's margins. On May 31, 2023, AAP held its quarterly earnings call ...

Full story available on Benzinga.com


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