Pep Boys-Manny posts Q1 profit

Newswire

May 22 (Reuters) - Auto-parts retailer Pep Boys-Manny, Moe & Jack swung to a quarterly profit, helped by improved gross margins in its retail and service center business. The company reported first-quarter net income of $3.2 million, or 6 cents a share, compared with a loss of $867,000, or 2 cents a share, a year earlier. Revenue fell to $546 million from $556.6 million a year ago. For the latest quarter, analysts on average expect the company to earn 5 cents a share, excluding ...

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