Stifel Keeps Pep Boys (PBY) at 'Hold' Following Q1 Results

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Go back to Stifel Keeps Pep Boys (PBY) at 'Hold' Following Q1 Results

Pep Boys (PBY) Misses Q1 EPS by 3c; Comps Fell 1.4%

June 9, 2014 4:31 PM EDT

Pep Boys (NYSE: PBY) reported Q1 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $538.8 million versus the consensus estimate of $542.14 million.

Comparable sales decreased 1.4%, consisting of an increase of 3.2% in comparable service revenue and a decrease of 2.8% in comparable merchandise sales.

Our first quarter operating profit improved significantly over the prior year driven primarily by higher gross margin, said President and CEO,... More