UPDATE 2-Advance Auto cuts outlook, shares fall


(Recasts, adds analysts remarks, details, background, updates stock) CHICAGO, June 29 (Reuters) - Retailer Advance Auto Parts Inc. on Thursday cut its quarterly outlook, saying higher gasoline prices and rising interest rates were squeezing its customers and sending shares down 18 percent. Advance Auto, the second largest U.S. auto parts retail chain behind AutoZone Inc. , warned that sales at stores open at least one year, or comparable-store sales, a key retail measure, would be below ...

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