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Pep Boys - Manny, Moe & Jack Reports Second Quarter 2012 Results (PBY, TEA) by Josie Clarks





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Pep Boys - Manny, Moe & Jack Reports Second Quarter 2012 Results (PBY, TEA) by
Article Posted: 09/05/2012
Article Views: 48
Articles Written: 233
Word Count: 1074
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Pep Boys - Manny, Moe & Jack Reports Second Quarter 2012 Results (PBY, TEA)


 
Business,Business News,Finance & Investment

crweselectlogo-1

chartstockalert

pby Pep Boys - Manny, Moe & Jack (NYSE:PBY)

PBY recently reported results for the thirteen (second quarter) and twenty-six (first half) weeks ended July 28, 2012.

pbychart

Second quarter sales for the thirteen weeks ended July 28, 2012 increased by $3.1 million, or 0.6%, to $525.7 million from $522.6 million for the thirteen weeks ended July 30, 2011. Net earnings for the second quarter of fiscal 2012 increased to $33.0 million ($0.61 per share) from $13.9 million ($0.26 per share) recorded in the same period last year.

First half sales for the twenty-six weeks ended July 30, 2012 increased by $14.1 million, or 1.4%, to $1,050.3 million from $1,036.1 million for the twenty-six weeks ended July 30, 2011. Net earnings for the first half of 2012 increased to $34.1 million ($0.63 per share) from the $26.3 million ($0.49 per share) recorded in the same period last year.

PBY also announced the appointment of David Stern as Chief Financial Officer and the departure of William E. Shull III, former Executive Vice President - Stores. Mr. Stern joins Thomas J. Carey, recently-appointed Chief Customer Officer, as the newest member of Pep Boys executive leadership team.

Since 1921, PBY has been the nation?s leading automotive aftermarket chain. With approximately 7,200 service bays in more than 735 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 800-PEP-BOYS (800-737-2697) or by visiting http://www.pepboys.com.

****

tea1 Teavana Holdings, Inc. (NYSE:TEA)

TEA recently reported financial results for the second quarter fiscal 2012 period ended July 29, 2012.

teachart

Highlights for the second quarter included net sales increased by 38% to $43.1 million from $31.3 million in the second quarter of fiscal 2011. Net sales for the quarter includes $2.0 million of net sales from the 46 Teaopia stores acquired on June 11, 2012. The Company opened 15 new stores and acquired 46 Teaopia stores to end the period with 284 company-owned stores. This represents an increase of 59%, or 105 stores, from the 179 stores at the end of the second quarter of fiscal 2011.

Highlights for fiscal year-to-date included net sales increased by 32% to $87.4 million from $66.3 million in the prior year period. Net sales includes $2.0 million of net sales from the 46 Teaopia stores acquired on June 11, 2012. The Company opened 38 new stores and acquired 46 Teaopia stores to end the period with 284 company-owned stores.

TEA is a specialty retailer offering more than 100 varieties of premium loose-leaf teas, authentic artisanal teawares and other tea-related merchandise through 284 company-owned stores and on its website. Founded in 1997, TEA offers new tea enthusiasts and tea connoisseurs alike its ?Heaven of Tea? retail experience where passionate and knowledgeable ?teaologists? engage and educate them about the ritual and enjoyment of tea. The company?s mission is to establish Teavana as the most recognized and respected brand in the tea industry by expanding the culture of tea across the world. To support the tea culture globally, Teavana donates approximately 1% of annual net profits to the Cooperative for Assistance and Relief Everywhere, Inc., or ?CARE,? through its Teavana Equatrade program. For more information, visit www.teavana.com.

****

crwe_logo_2 Crown Equity Holdings Inc. (CRWE)

CRWE has launched a online service companies CRWE Real Estate. CRWE launched CRWE Real Estate to provide a global portal for property listings at a fee of only $1 a day. CRWE Real Estate (www.crwerealestate.com)mission is to empower consumers with information and tools to make smart decisions about homes, real estate and mortgages.

CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Crown Equity Holdings advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information about Crown Equity Holdings Inc. visit www.crownequityholdings.com.

To view recent article please visit http://crweselect.com/29725/stock-alerts/heckmann-corp-and-power-fuels-to-merge-hek-ge/

CRWESelect, a stock highlight publication is pleased to alert investors of stocks on the

move.

Sign Up for our Free Stock Newsletter at http://www.crweselect.com/signup/

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWESelect.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer( http://crweselect.com/disclaimer/) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWESelect.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE) advertises for a particular client, Crown Equity Holdings Inc. (CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE), if paid in stock, can and may sell those securities during the advertising period.

Related Articles - Crown Equity, CROWN EQUITY HLD, Crown Equity Holdings, CRWE, CRWE Real Estate, CRWE stock chart, crweselect, Equity - OTC Markets, Finance, Financials,

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