UPDATE: Pep Boys Posts Q3 Loss
Pep Boys-Manny Moe & Jack (NYSE: PBY) posted a loss in the fiscal third quarter.
Pep Boys posted a quarterly loss of $6.8 million, or $0.13 per share, versus a year-ago profit of $7 million, or $0.13 per share. The latest quarter included debt-refinancing and impairment charges.
Its sales dropped 2.4% to $509.6 million. However, analysts were expecting earnings of $0.15 per share on revenue of $528 million.
Its same-store sales declined 2.7%.
Pep Boys shares dropped 5.62% to $10.08 in after-hours trading.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.