More on Advance Auto Parts' Q4

• Advance Auto Parts (NYSE:NYSE:AAP) reports comparable-store sales rose 3.1% in Q4.
• Gross margin rate squeezed 110 bps to 43.6%.
• Adjusted SG&A expense rate grew 50 bps to 37.5%.
• Adjusted operating margin rate fell 180 bps to 6%.
• Store count +4 Q/Q to 5,062.
• FY2017 Guidance: Comparable-store sales: +0% to +2%; Adjusted operating margin rate: +15 to +35 bps; Tax rate: 37.5% to 38%; Capex: ~$250M; Free cash flow: minimum $400M; Diluted share count: ~74M; New stores: 75 to 85.
• AAP +0.26% premarket.