AAP · CIK 1158449
What Advance Auto Parts, Inc. told the SEC could break it.
1 self-disclosed vulnerability, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for AAP. More may follow as additional filings are processed.
In its own words
What could break it.
Regulatory & policy
- 2025 tariffs on imported merchandise (Canada, China, Mexico sourcing) + reciprocal tariffs; imported-inventory supply-chain exposuremedium
As an aftermarket auto-parts retailer that directly or indirectly imports/sources a meaningful portion of its merchandise from Canada, China and Mexico (among others), Advance Auto Parts is exposed to the new global trade tariffs imposed during fiscal 2025, plus reciprocal tariffs from affected countries. The company notes the tariffs have been subject to repeated modifications and delays, with further changes — including additional sector-based tariffs — expected, creating COGS and pricing uncertainty. Its foreign-sourced inventory is also exposed to related supply-chain disruptions (port delays, shipping disruptions, work stoppages). Tariff-driven cost increases that can't be fully passed through pressure already-thin retail margins. Customers and vendors are otherwise diffuse, so this trade-policy channel is its key distinctive exposure.
“During fiscal 2025, new global trade tariffs were imposed on imports to the U.S., including tariffs on imports from various countries from which the Company directly or indirectly imports and/or sources merchandise, including Canada, China and Mexico, among others.”
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