I agree with numbers you have...revenue was light but all investors seem to care about is next quarter guidance with both EPS and revenues...NEITHER of which Pep Boys has given yet so if management comes out tomorrow at 8:30 and gives positive guidance then this AH trading is all for not and it trades higher tomorrow probably above $11 with almost 13% of the float short.....if guidance sucks then back under $10 to be unbiased....
into their estimates as this was known for some time now. The asset impairment charge doesn't make things any better as this might come as a complete surprise to analysts which will give analysts a hard time asking for explanations on this. If this charge is also build into estimates the miss would look even more severe. So either way it doesn't look good here.
Looking at the weak sales I would guess that non-gaap earnings were around 4 cents (after adding back the impairment charge but still including the refinancing charge).
Most likely stock and management will have a hard time tomorrow.
Would listen to the conference call though. If both charges were not built into estimates the underlying profitability looks very strong despite the poor top-line numbers.