Icahn Automotive suffers fiscal 2021 operating loss

摘要

SUNNY ISLES BEACH,Fla.Icahn Enterprises L.P.'s automotive sector,which includes tire and automotive services retailer Pep Boys,suffered a $67 million pre-tax operating loss in fiscal 2021 on 3.8 lower revenue of $2.38 billion.Contributing to the negative earnings report were $205 million in"transformation losses"and inventory write-downs throughout the year,including $90 million in the fourth quarter,Icahn said.The automotive sector-Icahn Automotive Group L.L.C.-comprises Pep Boys(1,000-plus auto service locations),Auto Plus(750-plus auto parts distribution centers)and the AAMCO Total Car Care and Precision Tune Auto Care automotive service franchise businesses.