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More on Advance Auto Parts' Q2

Aug. 16, 2016 6:53 AM ETAdvance Auto Parts, Inc. (AAP) StockBy: Niloofer Shaikh, SA News Editor11 Comments
  • Advance Auto Parts (NYSE:NYSE:AAP) reports comparable-store sales declined 4.1% in Q2.
  • Gross mrgin rate fell 110 bps to 44.8%.
  • Adjusted SG&A expense rate up 20 bps to 34%.
  • Adjusted operating margin rate decreased 120 bps to 10.8%.
  • Store count -19 Q/Q to 5,192.
  • AAP -2.24% premarket.

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