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TRAK AUTO ANNOUNCES EARNINGS

 TRAK AUTO ANNOUNCES EARNINGS
 LANDOVER, Md., June 10 /PRNewswire/ -- Herbert H. Haft, chairman of


Trak Auto Corporation (NASDAQ: TRKA), today announced net income for the quarter ended May 2, 1992, increased to $1,619,000 or $.27 per share compared to a net loss of $(3,413,000) or $(.59) per share for the quarter ended April 30, 1991.
 Sales for the quarter increased 2.9 percent to $77,836,000 from $75,649,000. For stores open more than one year, sales increased 3.3 percent for the quarter.
 Trak Auto Corporation currently operates 317 stores in the Washington, D.C.; Baltimore, Md.; Richmond, Va.; Chicago, Ill.; and San Diego and Los Angeles, Calif., metropolitan areas compared with 335 stores in operation one year ago.
 During the recent disturbances in Los Angeles, Trak Auto had six stores completely destroyed and nine stores substantially damaged. One store has subsequently reopened. Fourteen stores remain closed at this time and are not included in the store count above.
 TRAK AUTO CORPORATION
 Quarter ended 5/2/92 4/30/91
 Sales $77,836,000 $75,649,000
 Net income (loss) $ 1,619,000 $(3,413,000)
 Earnings (loss) per share $.27 $(.59)
 Weighted average shares outstanding 5,933,000 5,780,000
 -0- 6/10/92
 /CONTACT: Stanley Rubenstein, 212-297-6108, for Trak Auto/
 (TRKA) CO: Trak Auto Corporation ST: Maryland IN: REA SU: ERN


PS-GK -- NY061 -- 8936 06/10/92 16:01 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 10, 1992
Words:240
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