Pep Boys Q4 Loss Narrows

(RTTNews) - The Pep Boys - Manny, Moe & Jack (PBY) reported a net loss for the fourth quarter of $3.3 million or $0.06 per share, compared to a net loss of $14.5 million or $0.27 per share for the year-ago quarter.

On a pre-tax basis, the latest quarter results include a $2.8 million asset impairment charge and $0.4 million of debt refinancing expense, while the year-ago quarter results included a $17.8 million pension settlement charge and a $1.8 million asset impairment charge, partially offset by a $1.6 million gain from the disposition of assets.

Total revenue for the fourth quarter fell 6.6% to $495.73 million from $530.85 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.05 per share on revenue of $534.52 million for the fourth quarter. Analysts' estimates typically exclude special items.