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PEP BOYS ANNOUNCES COMPARABLE STORE SALES UP 11 PERCENT IN JANUARY; ANNUAL SALES EXCEED $1 BILLION

 PEP BOYS ANNOUNCES COMPARABLE STORE SALES UP 11 PERCENT
 IN JANUARY; ANNUAL SALES EXCEED $1 BILLION
 PHILADELPHIA, Feb. 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 Feb. 1, 1992, were $243,424,000, a 15 percent increase over the $212,547,000 that was recorded last year.
 During the quarter, total comparable store sales increased 7 percent, which includes 7 percent, 15 percent and 7 percent increases in comparable merchandise sales, comparable tire sales and comparable service revenue, respectively.
 Same store sales rose 11 percent in January which includes 11 percent, 23 percent and 11 percent increases in comparable merchandise sales, comparable tire sales and comparable service revenue, respectively.
 Sales for the fiscal year were a record $1,001,508,000, 13 percent greater than the $884,674,000 recorded last year.
 Earnings for the fourth quarter and fiscal year ended Feb. 1, 1992, are expected to be released in late March.
 Store Expansion Program:
 Nine new automotive supercenters were opened during the fourth quarter. These units were opened in New Orleans and Shreveport, La.; Columbia, S.C.; Knoxville, Tenn.; Tampa and Daytona Beach, Fla.; Exton, Pa.; Denton, Texas and Nogales, Ariz. Two outmoded units were closed during the quarter. Pep Boys currently operates 337 stores in 18 states.
 Commentary:
 Pep Boys Chief Executive Officer Mitchell G. Leibovitz made the following comments:
 "In light of the ongoing impact of the recession, we were generally pleased with both the 7 percent increase in same store sales that we achieved during the fourth quarter and the 11 percent increase in comparable store sales that were recorded in January. We were particularly encouraged by the 10 percent increase in same store sales in our western region in January. Our western region, which includes 107 stores, 94 of which are in California, only had a 2 percent increase in comparable store sales through the first 11 months of the year."
 /delval/
 -0- 2/5/92
 /CONTACT: Michael J. Holden, senior vp-finance and treasurer of Pep Boys, 215-227-9202/
 (PBY) CO: Pep Boys -- Manny, Moe & Jack ST: Pennsylvania IN: REA SU:


MP-KA -- PH009 -- 7047 02/05/92 09:30 EST
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Publication:PR Newswire
Date:Feb 5, 1992
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