Tue, Jul 22, 2014, 2:15 PM EDT - U.S. Markets close in 1 hr 45 mins

Recent

% | $
Click the to save as a favorite.

Pep Boys - Manny, Moe & Jack Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • onedge953 onedge953 Dec 3, 2012 6:04 PM Flag

    they beat on a non GAAP basis

    They missed revenues by 18 million dollars. I covered my short at 9.99.

    Pep Boys Swings to Third-Quarter Loss on Charges, Weak Sales

    Last Update: 12/3/2012 5:25:10 PM


    By Kristin Jones


    Pep Boys-Manny Moe & Jack (PBY) swung to a fiscal third-quarter loss as the
    auto-care company recorded one-off charges, and its sales sank.

    Shares fell 6.5% after hours to $9.99. Through the close, the stock was down 2.9%
    so far this year.

    Pep Boys' core profits have declined in recent quarters; the company blamed a
    mild winter, a slowdown in consumer spending and business-execution problems. Pep
    Boys has said it is making changes and expects to return to year-to-year profit
    in the third and fourth quarters.

    Chief Financial Officer David Stern said the company refinanced its debt in the
    latest quarter, adding a one-time cost of $11.2 million. But he said the move
    will reduce annual interest expenses by $11 million.

    In May, private-equity firm Gores Group lLC dropped its bid to take the
    auto-parts and services company private in an $804 million deal. The proposed
    acquisition, which followed nearly two years of deliberations, soured after the
    company's results began to deteriorate.

    For the quarter ended Oct. 27, Pep Boys reported a profit of $6.8 million, or 13
    cents a share, compared with a year-earlier profit of $7 million, or 13 cents a
    share. The latest quarter included the debt-refinancing charge and an asset
    write-down of $8.8 million.

    Sales fell 2.4% to $509.6 million.

    Analysts polled by Thomson Reuters recently predicted per-share earnings of 15
    cents on revenue of $528 million.

    Same-store sales fell 2.7%. Comparable service-center revenue edged up 0.2%,
    while comparable retail sales were 3.5% lowe

 
PBY
11.08-0.07(-0.63%)2:10 PMEDT

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.