Pep Boys Affirms 4th Quarter Earnings Estimates

    PHILADELPHIA--Feb. 8, 2002--The Pep Boys - Manny, Moe & Jack , the nations leading full-service automotive aftermarket chain announced that, subject to the tabulation of the year-end physical inventory and the completion of the independent audit of its year-end financial statements, the Company remains comfortable with the consensus estimate of $.05 earnings per share for the fourth quarter ended February 2, 2002.
    The Company will release audited fourth quarter and fiscal year results before the market opens on Thursday March 21, 2002.
    Pep Boys is the nation's leading full-service automotive aftermarket chain with 628 stores and more than 6,500 service bays in 36 states and Puerto Rico.

    Note: Certain statements made herein, including those discussing management's expectations for future periods, are forward-looking and involve risks and uncertainties.
    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 and retail and commercial consumers' ability to spend, the health of the various sectors of the market that the Company serves, the weather in geographical regions with a high concentration of the Company's stores, competitive pricing, location and number of competitors' stores and product and labor costs.
    Further factors that might cause such a difference include, but are not limited to, the factors described in the Company's filings with the Securities and Exchange Commission.
    Internet:http://www.pepboys.com