Advance Auto Parts Reports Second Quarter Results, Store Closings
Advance Auto Parts has announced its financial results for the second quarter ended July 18, 2015, as well as plans to close 50 stores. Total sales for the second quarter increased 1 percent to $2.37 billion, as compared with total sales during the second quarter of fiscal 2014 of $2.35 billion. The sales increase was driven
Myers Industries Releases Revised Financials, Addresses Brazilian Problems
Myers Industries has released revised financial results for 4Q and the year as a result of completing its investigation into possible fraud at its Brazilian operations. The revisions reflect adjustments that led to an increase in cost of sales of $2.4 million and an increase in selling, general and administrative expenses of $0.1 million for
Myers Industries Reports Possible Fraud
Myers Industries disclosed in an SEC filing that it “may have suffered possible fraud at its Brazilian operations.” Its report to the SEC, the company noted that it might be financially affected as well. On March 16, the company informed the SEC that its annual report, 10-K filing, may not be filed in a timely
Ensuring Financial Success for Your Business
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. You can’t let your business run on autopilot and expect good results. Any business owner knows you need to make numerous adjustments along the way – decisions
Sears Denies Reports of Closing Stores
Sears Holdings Corp. discredited Thursday’s report that said it will be closing more than 100 stores and auto centers, and cut nearly 5,500 jobs in the U.S. Seeking Alpha, a financial news and market tracker, cited liquidation notices and employee communication sent out last month that announced the closures of 31 Sears Auto Centers, 46
8 QuickBooks Reports You Should Run Regularly
You send invoices because you sold products and/or services. Purchase orders go out when you’re running low on inventory, and there are always bills to pay, it seems like. All of this activity is, of course, important in itself, but all of your conscientious bookkeeping culminates in what’s probably the most critical element of QuickBooks:
Pep Boys Reports Growth In Service
The Pep Boys announced its fiscal year 2013 results, which ended Feb. 1, with Pep Boy President Mike Odell reporting a growth in service. “Our service business continues to grow,” said Mike Odell, Pep Boys president and CEO. “On a comparable store basis, customer count, maintenance and repair sales and tire units all grew quarter
Apollo-Cooper Update: Cooper Files Supreme Court Appeal But Not 3Q Financials
Even as both sides were awaiting the rest of Judge Sam Glasscock III’s ruling on the case, Cooper Tire & Rubber Co. filed a formal appeal of the judge’s partial ruing to the Delaware Supreme Court. Cooper is seeking an expedited ruling from the state supreme court, certainly prior to the Dec. 31 expiration of
Reports: Cooper JV Workers Strike Over Apollo Acquisition
Workers at Cooper Chengshan, a joint-venture between Cooper Tire & Rubber Co. and Chengshan Group (China), are reportedly on a strike in protest against Apollo’s proposed acquisition of Cooper.
Profits Surge as Apollo Reports FY2013 Results
For Apollo Tyres, the 2013 financial year ended on March 31, and the tiremaker reports that its profit was up almost 50% for the full year. Apollo’s net profit for its recent fiscal year amounted to Rs 6.1 billion, a 48.8% year-on-year increase on the Rs 4.1 billion earned in the previous financial year. Net