Pep Boys sales up in Q1

PHILADELPHIA (Jun. 8) The Pep Boys — Manny, Moe & Jack reported that sales for the first quarter ended May 1 increased by $13.5 million, or 2.7%, to $510 million from $496.5 million for the first quarter ended May 2, 2009. Comparable sales increased 1.4%, consisting of a 0.1% comparable service revenue increase and a 1.7% comparable-merchandise sales increase.

Net earnings for the first quarter of fiscal 2010 increased to $12 million (23 cents per share) from $10.9 million (21 cents per share) recorded in the same period last year.

“For the fifth consecutive period, our quarter-over-quarter profitability has improved,” commented CEO Mike Odell. “And for the first time in many years, we achieved increases in both customer count and sales across all lines of business.”

Pep Boys sales up in Q1

Manny, Moe & Jack

PHILADELPHIA (Jun. 8) The Pep Boys — Manny, Moe & Jack reported that sales for the first quarter ended May 1 increased by $13.5 million, or 2.7%, to $510 million from $496.5 million for the first quarter ended May 2, 2009. Comparable sales increased 1.4%, consisting of a 0.1% comparable service revenue increase and a 1.7% comparable-merchandise sales increase.

Net earnings for the first quarter of fiscal 2010 increased to $12 million (23 cents per share) from $10.9 million (21 cents per share) recorded in the same period last year.

“For the fifth consecutive period, our quarter-over-quarter profitability has improved,” commented CEO Mike Odell. “And for the first time in many years, we achieved increases in both customer count and sales across all lines of business.”

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