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Advance Auto Parts Reports Record Q1 Results

2 June 2000

    ROANOKE, Va. - Advance Auto Parts today announced its first quarter 2000 
results.  Advance recorded record sales and record operating income in the 
sixteen-week period ended April 22, 2000 due to continued growth in both 
"do-it-yourself" and "do-it-for-me" segments and the realization of benefits 
from the Western Auto acquisition.

    Sales for the quarter ended April 22, 2000 were $677.6 million compared to
the $670.5 reported last year.  Retail sales, which rose by 6.4% from $587.5
million to $625.1 million, were partially offset by sales declines in the
wholesale business.  Comparable store sales increased by 4.4% for the sixteen
weeks over a strong 13.9% comparable store sales increase in the same
period last year.  Both the do-it-yourself and do-it-for-me business showed
continued sales growth.

    Operating income was $19.2 million in the first quarter of 2000 as
compared to a loss of $17.0 million in the first quarter last year.  Earnings
before interest, taxes, depreciation and amortization (EBITDA) was $38.8
million in the first quarter of 2000 compared to $17.7 million as adjusted for
integration expense in 1999.  This increase resulted primarily from the
continued growth in retail sales and the improved gross margins achieved as a
result of the Western Auto acquisition.  The first quarter of 2000 was the
first full reporting period after the completion of the Western Auto
conversion and integration.

    Larry Castellani, Chief Executive Officer, said "We are pleased that as a
result of all our people's efforts, we were able to achieve the sales and
profit growth that was planned, and look forward to continued increases in
both sales and profits."

    During the quarter, the Company opened 45 new stores in existing
markets.

    Advance Auto Parts is the primary trade name for Advance Stores Company,
Incorporated, a wholly owned subsidiary of Advance Holding Corporation.
Advance ended the first quarter with 1,648 stores in 38 states, primarily
located in the eastern and midwestern regions of the United States, Puerto
Rico and the Virgin Islands.  The company is based in Roanoke, Va., and is the
second largest auto parts chain in the nation.