Pep Boys (PBY) Misses Q3 EPS by 4c

Pep Boys (NYSE: PBY) reported Q3 EPS of $0.02, $0.04 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $508.1 million versus the consensus estimate of $515.1 million.

Comparable sales decreased 1.8%, consisting of a decrease of 2.5% in comparable service revenue and a decrease of 1.6% in comparable merchandise sales. In accordance with GAAP, service revenue is limited to labor sales, while merchandise sales include merchandise sold through both our service center and retail lines of business. Re-categorizing sales into the respective lines of business from which they are generated, comparable service center revenue decreased 1.5%, while comparable retail sales decreased 2.2%.

For earnings history and earnings-related data on Pep Boys (PBY) click here.

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