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Pep Boys Reports Second Quarter 2012 Results

Since 1921, Pep Boys has been the nation’s leading automotive aftermarket chain. With approximately 7,200 service bays in more than 735 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 800-PEP-BOYS (800-737-2697) or by visiting http://www.pepboys.com.

Certain statements contained herein constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The word “guidance,” “expect,” “anticipate,” “estimates,” “forecasts” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management’s expectations regarding implementation of its long-term strategic plan, future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. The Company’s actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies, retail and commercial consumers’ ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company’s stores, competitive pricing, the location and number of competitors’ stores, product and labor costs and the additional factors described in the Company’s filings with the SEC. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Investors have an opportunity to listen to the Company’s quarterly conference calls discussing its results and related matters. The call for the second quarter will be broadcast live on Wednesday, September 5 at 8:30 a.m. EDT over the Internet at the Vcall website, located at http://www.investorcalendar.com. To listen to the call live, please go to the website at least 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. Supplemental financial information will be available the morning of September 5 on Pep Boys’ website at http://www.pepboys.com. In addition, Pep Boys’ investor presentation, also available at http://www.pepboys.com, has been updated to reflect the Company’s year-to-date results.
 
Pep Boys Financial Highlights
   
Thirteen weeks ended July 28, 2012 July 30, 2011
 
Total revenues $ 525,671,000 $ 522,594,000
 
Net earnings $ 33,048,000 $ 13,943,000
 
Basic earnings per share:
Average shares 53,146,000 52,952,000
 
Basic earnings per share: $ 0.62 $ 0.26
 
Diluted earnings per share:
Average shares 53,797,000 53,649,000
 
Diluted earnings per share: $ 0.61 $ 0.26
 
 
 
 
Twenty-six weeks ended July 28, 2012 July 30, 2011
 
Total revenues $ 1,050,275,000 $ 1,036,134,000
 
Net earnings $ 34,110,000 $ 26,311,000
 
Basic earnings per share:
Average shares 53,110,000 52,901,000
 
Basic earnings per share: $ 0.64 $ 0.49
 
Diluted earnings per share:
Average shares 53,875,000 53,592,000
 
Diluted earnings per share: $ 0.63 $ 0.49
 

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