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TRAK AUTO ANNOUNCES EARNINGS

 LANDOVER, Md., June 15 /PRNewswire/ -- Herbert H. Haft, chairman of Trak Auto Corporation (NASDAQ: TRKA), announced net income for the 13 weeks ended May 1, 1993 was $92,000, or $.01 per share, compared to $3,231,000, or $.54 per share, for the same period one year ago. Net income for the 13 weeks ended May 2, 1992 was restated to recognize the cumulative effect of adopting Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes, effective Feb. 2, 1992 in the amount of $1,658,000.
 Sales for the quarter were $77,883,000 compared to $77,836,000. For stores open more than one year, sales increased 1 percent for the quarter. Sales for the Super Trak stores, the first of which opened in May of 1992, represented 13.6 percent of total sales for the quarter.
 Trak Auto Corporation currently operates 320 stores, including 43 Super Trak stores in the Washington, D.C.; Richmond, Va.; Chicago; and Los Angeles metropolitan areas compared with 317 stores in operation one year ago.
 TRAK AUTO CORPORATION
 Financial Highlights
 Thirteen weeks ended 5/1/93 5/2/92
 Sales $77,883,000 $77,836,000
 Income before income taxes 139,000 2,504,000
 Income before cumulative
 effect of change in
 accounting principle 92,000 1,573,000
 Cumulative effect of change
 in accounting principle --- 1,658,000
 Net income 92,000 3,231,000
 Earnings per share:
 Income before cumulative
 effect of change in
 accounting principle .01 .26
 Cumulative effect of change
 in accounting principle --- .28
 Net income .01 .54
 Weighted average shares
 outstanding 6,145,000 5,933,000
 -0- 6/15/93
 /CONTACT: Stanley Rubenstein, 212-297-6108, for Trak Auto/
 (TRKA)


CO: Trak Auto Corporation ST: Maryland IN: REA SU: ERN

LR-LG -- NY071 -- 2223 06/15/93 14:41 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
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