Pep Boys (PBY) Tops Q1 EPS by 19c

Pep Boys (NYSE: PBY) reported Q1 EPS of $0.22, $0.19 better than the analyst estimate of $0.03. Revenue for the quarter came in at $542.3 million versus the consensus estimate of $549.65 million.

Operating profit for the first quarter of fiscal 2015 increased to $23.1 million from $6.0 million recorded in the first quarter of fiscal 2014. The 2015 results included, on a pre-tax basis, a $10.0 million sale of a leasehold interest offset by a $0.8 million asset impairment charge.

Comparable sales increased 0.8%, consisting of an increase of 1.3% in comparable service revenue and an increase of 0.6% 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 increased 1.9%, while comparable retail sales decreased 0.5%.

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

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