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Pep Boys Reports Fourth Quarter and Fiscal 2008 Results

PHILADELPHIA April 8, 2009:The Pep Boys – Manny, Moe & Jack , the nation’s important automotive aftermarket help and retail chain, today announcedresults representing the thirteen (fourth quarter) and fifty-two weeks (fiscal year) ended January 31, 2009 and improved sales trends representing the firstquarter to period of 2009.

As before announced, the common pullback in consumer spending during the fourth fourth of 2008 resulted in a feeble period away seasonand the deferral of tired purchases. However, sales trends be obsessed greatly improved from the 10.1% decline the Company adept in the fourth fourth of financial 2008 to even representing the first fourth to period offiscal 2009.

First Quarter to Date of Fiscal 2009 (February 1, 2009 throughApril 7, 2009)

In organizing to equip the Company to behaviour investor meetings duringthe week of April 13, the Company is providing knowing representing the first fourth to period of financial 2009 in move of its same communal reporting programme in accordance with SEC Regulation FD. The Company assumes no accountability to update this information, nor shouldinvestors anticipate like “guidance” in days periods.

For the first fourth to period of financial 2009, comparable servicerevenue increased 3.5% and goods sales decreased 1.3% versus the identical interval hindmost year. In accordance with GAAP, help gross income is limitedto labor sales and goods sales embody goods sold throughboth our retail and help center lines of business. Re-categorizingSales into the disjoin lines of accountability from which they are generated, comparable Service Center Revenue (labor and installed merchandiseand tires) increased 2.7%, while comparable Retail Sales (DIY and Commercial) decreased 3.0%. Within Retail Sales, centre automotivesales were even and commercial goods sales increased close by 8.1%, while sales of complementary goods decreased close by 10.9%. In addition,for the first fourth to period of financial 2009, the Company’s fat edge measure has improved, while fat media expense and payroll (aspercentage of sales) be obsessed declined versus the identical interval hindmost year.

“We at current be obsessed two promotional events beneath our sash demonstrating howour new advertising, coupled with improved stock execution, is beginningto recompense off,” said CEO Mike Odell. “Our Does Everything. For Less.branding is resonating with our customers and our customer-focused procedure betterment and training is serving our associates to carry a more gratifying client experience.”