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TRAK AUTO ANNOUNCES EARNINGS

 TRAK AUTO ANNOUNCES EARNINGS
 LANDOVER, Md., Dec. 6 /PRNewswire/ -- Herbert H. Haft, chairman of


Trak Auto Corporation (NASDAQ: TRKA), announced net income for the three months ended Oct. 31, 1991 increased to $1,662,000 or $.29 per share compared with $665,000 or $.12 per share for the same period last year and sales increased 7.4 percent to $81,450,0000 from $75,822,000. Net income for the nine month period ended Oct. 31, 1991 was $720,000 or $.12 per share compared to $2,723,000 or $.47 per share in the same period one year ago, while sales increased 9.6 percent to $240,691,000 from $219,630,000 for the same period last year. These increases in sales were primarily due to a 3.6 percent and 5.5 percent increase in sales for the three months and the nine months ended Oct. 31, 1991 for stores open more than one year.
 Trak Auto Corporation currently operates 328 discount auto parts stores in the Washington, Baltimore, Richmond, Va., Chicago, San Diego and Los Angeles metropolitan areas compared with 331 stores in operation one year ago.
 TRAK AUTO CORPORATION
 (In thousands)
 (except earnings per share)
 Period ended Three months Nine months
 Oct. 31 1991 1990 1991 1990
 Sales 81,450 75,822 240,691 219,630
 Net income 1,662 665 720 2,723
 Earnings per share .29 .12 .12 .47
 Weighted average
 shares outstanding 5,790 5,780 5,789 5,780
 -0- 12/6/91
 /CONTACT: Stanley Rubenstein of Trak Auto, 212-297-6108/
 (TRKA) CO: Trak Auto Corporation ST: Maryland IN: REA SU: ERN SM-KW -- NY060 -- 0248 12/06/91 16:42 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 6, 1991
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