Sales down, profits up at Pep Boys

Order Reprints

Pep Boys - Manny, Moe & Jack posted sales of $558.8 million for the second quarter of 2007, 3.6% less than during the same period last year. However, the chain's 2Q operating profit increased to $17.2 million.

"We have accelerated the company's execution of previously initiated programs to improve its operational efficiency and move towards monetizing certain real estate assets," says Pep Boys CEO and President Jeffrey Rachor.

"Our efforts to expand margins and manage down our cost structure have yielded improved operating performance in the first half of the year."

Related Articles

Sales Makers or Order Takers? How to Determine 'Who’s Who' on Your Team

Ross and Sean Burton Pick Up Nine Big O Stores

How to Leverage Inspections to Drive More Business

You must login or register in order to post a comment.