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PEP BOYS SECOND QUARTER COMPARABLE STORE SALES INCREASE 16 PERCENT

 PEP BOYS SECOND QUARTER COMPARABLE STORE SALES INCREASE 16 PERCENT
 PHILADELPHIA, Aug. 5 /PRNewswire/ -- Pep Boys -- Manny, Moe & Jack (NYSE: PBY), the nation's leading automotive aftermarket retail and service chain, today announced that sales for the 13 weeks ended Aug. 1, 1992, were a record $309,211,000, an 18 percent increase over the $261,800,000 that was recorded last year.
 During the quarter, total comparable store sales increased 16 percent, which includes 17 percent and 11 percent increases in comparable merchandise sales and comparable service center revenue, respectively.
 Earnings for the quarter are expected to be released during the last week of August.
 Store Expansion Program
 Two warehouse format automotive supercenters were opened during the second quarter. The new units are in New Orleans, the company's seventh store in that market, and Santa Maria, Calif. At the close of the second quarter, Pep Boys operated 336 stores in 18 states.
 The company said it anticipates opening approximately 25 additional units over the balance of the current fiscal year, including its initial units in Ft. Lauderdale and Miami, Fla., as well as Syracuse, Rochester, Buffalo and Utica, N.Y.
 Commentary
 Pep Boys Chief Executive Officer Mitchell G. Leibovitz, made the following comments:
 "In light of more difficult comparisons, we were extremely pleased that we were able to exceed the 13 percent increase in comparable store sales that we achieved during the first quarter. The 16 percent increase in same store sales represents the strongest quarterly increase in our history and enables us to enter the second half of the year with considerable momentum.
 "We are enthused about our second half store expansion program. In addition to our entry into the state of New York, we are particularly excited about expanding our store presence into the demographically strong Miami and Ft. Lauderdale markets on the heels of the 35 percent increase in same store sales that we achieved in Florida during the second quarter."
 /delval/
 -0- 8/5/92
 /CONTACT: Michael J. Holden, senior vp-finance and treasurer of Pep Boys, 215-227-9202/
 (PBY) CO: Pep Boys -- Manny, Moe & Jack ST: Pennsylvania, New York, Florida IN: REA SU:


MK-LJ -- PH007 -- 6969 08/05/92 09:42 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
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