Wed, Jan 28, 2015, 11:45 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Pep Boys - Manny, Moe & Jack Message Board

  • munda51 munda51 Mar 15, 2007 2:48 AM Flag

    Why did they add extra week to this quarter? Is it a trick to fool investors?

    Why did the management add extra week to the quarter this time? Something to think about. They could have maintained consistency with last year and ended the quarter on January 28. No they did not do this. Think, why?

    By adding the 14'th week they increased sales by 7.69 percent. Excluding this additional week the sales were down about 1 percent relative to the comparable quarter of last year. The company does mention this discrepency in its report.

    The firm however makes no mention of how earnings would have been if the additional quarter was excluded. I believe this inclusion of 14th quarter was required to make this quarter look more profitable than it actually was.

    If market does recognize this TRICK OF MANAGEMENT as an effort to manipulate/manage its earnings, the after-market price increase of firm's stock could be wiped out when market opens tomorrow.

    So be watchful of the numbers reported on earnings....they may not be as good as they appear. What is the prime motive of this move to add the 14th week to this quarter.

    So don't be fooled by the reported earnings!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Quarter was GREAT!!!

      You made false statements that I want to correct.

      Here's your quote.

      Why did the management add extra week to the quarter this time? Something to think about. They could have maintained consistency with last year and ended the quarter on January 28. No they did not do this. Think, why?

      By adding the 14'th week they increased sales by 7.69 percent. Excluding this additional week the sales were down about 1 percent relative to the comparable quarter of last year.

      *The company does mention this discrepency in its report.*
      (THIS LINE IS FALSE WITH A CAPITAL "F")

      Here's where they discussed the difference in weeks.

      Operating Results Return to Profitability

      Sales for the fiscal year ended February 3, 2007 were $2,272,161,000, as compared to the $2,238,029,000 recorded last year. **Excluding the fifty-third week** of 2006, comparable merchandise sales decreased 0.5% and comparable service revenue increased 1.3%. Excluding the fifty-third week of 2006 and recategorizing Sales (see above), comparable Retail Sales decreased 1.9% and comparable Service Center Revenue increased 2.4%.

      So you are misleading with your comment. They didn't hide anything. They actually are more transparent and the Market will be Blown away by the effeciency of the new CEO

      Cutting costs, reducing discounts and Improving margins is how you grow.

      Why don't you mention to everyone this
      "QUOTE in the PRESS RELEASE"


      Improving operating performance continues to support our balance sheet. For the full Fiscal 2006, "Net Cash" Provided by Operating Activities improved by $128.4 million and Capital Expenditures were $37.9 million less than last year. During Q4, we repurchased 494,800 shares of common stock at an average price of $14.77. Subsequent to year-end, we re-priced our $320 million real estate backed term loan from LIBOR+275 to LIBOR + 200, for the remaining term to 2013, the date of our first significant funded debt maturity.

      ***** NOTE ***** "In addition, please note that Q4 2006 was a 14 week quarter, during our seasonally slow winter period. While it is difficult to precisely carve out a week from an overall reporting period, we estimate that the 14th week did not have a material affect on results, representing approximately $39.2 million of sales and improving operating profit by $0.5 million

      Finally you can spin this anyway you want.
      Flat sales year over year and much more improved operating margins spell a much brighter future for this company.

      And the extra $ 128.4 million dollars net will alone be the spur that takes this stock higher.

      Reply not expected.

      GoodLuck!!!
      stillsinging01

      P.S.
      If you shorted this stock , cover fast or call the Hospital and book a room. You "will" need some heart medicine,
      or some acid reflux pills.

    • Our fine organization is better at smoke and mirrors then it is at making a profit.

 
PBY
8.61-0.41(-4.55%)Jan 28 4:03 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Facebook, Inc.
NASDAQWed, Jan 28, 2015 4:00 PM EST
Exelixis, Inc.
NASDAQWed, Jan 28, 2015 4:00 PM EST