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TRAK AUTO ANNOUNCES EARNINGS

 TRAK AUTO ANNOUNCES EARNINGS
 LANDOVER, Md. April 22 /PRNewswire/ -- Herbert H. Haft, chairman of


Trak Auto (NASDAQ: TRKA), announced net income for the fiscal year ended Feb. 1, 1992 increased to $2,084,000 or $.36 per share compared to a net loss of $(4,177,000) or $(.72) per share in the previous year. Net income for the three months ended Feb. 1, 1992 was $1,364,000 or $.23 per share compared to a net loss of $(6,900,000) or $(1.19) per share in the same period one year ago.
 Sales for the year increased 9 percent to $319,635,000 from $293,075,000 and 7 percent to $78,944,000 from $73,445,000 for the quarter. For stores open more than one year, sales increased 6 percent for the twelve months and 8 percent for the three months ended Feb. 1, 1992.
 The board of directors of Trak Auto Corporation approved a change in the fiscal year end from Jan. 31 to a 52/53 week fiscal year ending on the Saturday closest to Jan. 31. As a result, the above sales reflect one additional day for the twelve and three months ended Feb. 1, 1992.
 Trak currently operates 331 stores in the Washington, D.C.; Baltimore; Richmond, Va.; Chicago; San Diego and Los Angeles metropolitan areas compared to 335 stores in operation one year ago.
 TRAK AUTO CORPORATION
 Summary of Financial Information
 (In thousands, except earnings per share)
 Fiscal Year Quarter
 Periods ended 2/1/92 1/31/91 2/1/92 1/31/91
 Sales $319,635 $293,075 $78,944 $73,445
 Net income
 (loss) $ 2,084 $ (4,177) $ 1,364 $(6,900)
 Earnings (loss)
 per share $ .36 $ (.72) $ .23 $ (1.19)
 Weighted average
 shares outstdg. 5,795 5,780 5,836 5,780
 -0- 4/22/92
 /CONTACT: Stanley Rubenstein, 212-297-6108, for Trak Auto/
 (TRKA) CO: Trak Auto Corporation ST: Maryland IN: REA SU: ERN


AH-LR -- NY079 -- 1488 04/22/92 17:16 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
Words:335
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