After the bell on Monday, Pep Boys (PBY
) posted its Q2 earnings, with comparable sales and EPS coming in lower than last year’s Q2 figures.
The automotive aftermarket service and retail company posted a 1.3% decrease in comparable sales for the quarter. Adjusted operating profit coming in $19.4 million, an increase from last year’s Q2 figure of $15.5 million. The company’s sales for the quarter came in at $527.6 million.
Net earnings for the quarter came in at $5.4 million, or 10 cents per share, which were much lower than last year’s same quarter earnings of $33 million, or 61 cents per share.
Pep Boys missed the analysts’ EPS estimate of 19 cents and revenue estimate of $539.35 million.
PBY shares were up 19 cents, or 1.65%, by market close on Monday. YTD, the company’s stock is up almost 15%.
No comments:
Post a Comment