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After the Bell Retail Earnings: Pep Boys, New York & Company
Tuesday, June 8, 10:51 AM ET

Pep Boys (PBY) said Monday after the bell that earnings rose about 10%, to $12 million, or $0.23 per share, vs. $10.9 million, or $0.21 per share, in the same quarter last year.

The auto parts supply store said revenue was up 2.7%, to $510 million, on same-store sales up 1.4%.

Results fell short of analyst expectations.

Also late yesterday, ladies clothing retailer New York & Company (NYSE:NWY) said it is now expecting its second quarter loss to widen from previous expectations of May 20. At that time, it had said it expected a wider loss than the second quarter of last year, which totaled $0.08 per share.

The company has not specified how much wider the loss will be.

New York & Company said it is expecting same-store sales to be flat, vs. its previous projection for an increase, and said merchandise margins could fall 9%. It will report full results during the week of August 16.

For MarketNewsVideo.com, I'm Sayoko Murase.

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