The Pep Boys — Manny, Moe & Jack (PBY: Quote) announced preliminary financial results for the first quarter ended April 28, 2012. Net income for the quarter is expected to be between approximately breakeven and $2.0 million, while earnings per share is projected to be between approximately breakeven and $0.04.
Sales for the quarter are forecast to be between approximately $524.0 million and $526.0 million.
Pep Boys believes that its first quarter results were below expectations due to a variety of factors occurring in the ordinary course of business.
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by RTT Staff Writer
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