PHILADELPHIA -- Pep Boys has announced the following results for the thirteen weeks (third quarter) and thirty-nine weeks ended Oct. 28.

Sales for the thirteen weeks were $550,849,000, 0.9 percent more than the $545,904,000 recorded last year. Comparable Sales increased 0.8 percent, including a 0.2 percent comparable merchandise sales increase and a 3.9 percent comparable service revenue increase. In accordance with GAAP, merchandise sales includes merchandise sold through both our retail and service center lines of business and service revenue is limited to labor sales. Recategorizing Sales into the respective lines of business from which they are generated, comparable Retail Sales (DIY and Commercial) decreased 1.8 percent and comparable Service Center Revenue (labor plus installed merchandise and tires) increased 4.8 percent.

Net Loss from Continuing Operations Before Cumulative Effect of Change in Accounting Principle improved from a Net Loss of $11,376,000 (21 cents per share - basic and diluted) to a Net Loss of $7,721,000 (14 cents per share - basic and diluted).

Sales for the nine months were $1,686,015,000 versus $1,687,548,000 recorded last year. Comparable Sales increased 0.1 percent, including a 0.1 percent comparable merchandise sales decrease and a 1.0 percent comparable service revenue increase. Recategorizing Sales (see above), comparable Retail Sales decreased 1.7 percent and comparable Service Center Revenue increased 2.9 percent.

Net Loss from Continuing Operations Before Cumulative Effect of Change in Accounting Principle improved from a Net Loss of $12,930,000 (23 cents per share - basic and diluted) to a Net Loss of $7,118,000 (13 cents per share - basic and diluted).

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