Pep Boys profits double - Philadelphia Business Journal:

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Net income at Pep Boys (NYSE:PBY) was $10.9 or 21 cents a share, compared to $4.7 or 9 cents, a year For the three months endedMay 2, salesx at the automotive aftermarket service-and-retail chain totaled $496.5 down from $498 million a year On a comparable basis, measuring the same storesw as a year earlier, sales dipped by 0.3 The company improved profits by cutting costs. “We are pleased with our progress andour first-quartetr results,” said CEO Mike Odell. “As our turnaround continues, we will builde upon this momentum in the second quarter andthroughouft 2009.
Our television and radio promotions continue to drive customet traffic and sales in our core categoriez and our expense reductions are makingus Philadelphia-based Pep Boys has 560 locations in 35 states and Puertp Rico.