Pep Boys (PBY) Misses Q3 EPS by 4c
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Pep Boys Reports Third Quarter 2015 Results
December 7, 2015 4:30 PM ESTPHILADELPHIA--(BUSINESS WIRE)-- The Pep Boys Manny, Moe & Jack (NYSE: PBY), the nations leading automotive aftermarket service and retail chain, announced the following results for the thirteen (third quarter) and thirty-nine (nine months) weeks ended October 31, 2015.
Third Quarter
Sales
Sales for the thirteen weeks ended October 31, 2015 decreased by $9.4 million, or 1.8%, to $508.1 million from $517.6 million for the thirteen weeks ended November 1, 2014. 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... More
