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PEP BOYS REPORTS H?IRD QUARTER COMPARABLE STORE SALES INCREASED 11 PERCENT

 PEP BOYS REPORTS H?IRD QUARTER COMPARABLE STORE SALES
 INCREASED 11 PERCENT
 PHILADELPHIA, Nov. 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 Oct. 31, 1992, were a record $298,809,000, a 14 percent increase over the $261,233,000 that was recorded last year. Comparable store sales increased 11 percent.
 Sales for the 39 weeks ended Oct. 31, 1992, were a record $883,583,000, 17 percent greater than the $758,084,000 that was achieved last year. Comparable store sales increased 13 percent.
 STORE EXPANSION PROGRAM
 Six warehouse format automotive supercenters were opened during the quarter including the company's first stores in Rochester and Syracuse, N.Y., and Corpus Christi, Texas. In addition, new units were opened in Fountain Valley and Huntington Beach, Calif., and Whitemarsh, Md., all of which are in existing markets. Two outmoded units were closed during the quarter.
 The company, which operates 340 stores in 19 states, said it anticipates opening approximately 20 additional units during the fourth quarter, including its initial units in Ft. Lauderdale and Miami, Fla., as well as Buffalo, Utica and Long Island, N.Y.
 COMMENTARY
 Pep Boys Chief Executive Officer Mitchell G. Leibovitz, made the following comments:
 "Including January, the last month of the prior fiscal year, we have now achieved double-digit comparable store sales increases for 10 consecutive months. Our 11 percent third quarter same store sales increase was achieved in comparison to the solid 7 percent increase that was recorded in the third quarter of 1991.
 "In light of our impending entry into the Ft. Lauderdale and Miami markets, we continue to be both pleased and encouraged by the ongoing performance of our supercenters in northern and central Florida which have achieved a comparable store sales increase of 26 percent during the first nine months of the year."
 /delval/
 -0- 11/5/92
 /CONTACT: Michael J. Holden, senior vp-finance and treasurer of Pep Boys, 215-227-9202, or fax, 215-227-4067/
 (PBY) CO: Pep Boys -- Manny, Moe & Jack ST: Pennsylvania, New York, Texas, Florida, California, Maryland IN: REA SU:


MK-LJ -- PH011 -- 2907 11/05/92 09:22 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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