Pep Boys - Manny, Moe & Jack posted sales of $464.2 million on a net loss of $7.3 million for the third quarter of 2008.
That compares to sales of $528.8 million on a loss of $28 million during the same period in 2007.
“Our sales and operating results have been impacted by the decrease in miles driven and the general reduction in consumer spending," says Pep Boys CEO Mike Odell.
"To offset these trends, we continue to focus on implementing our
strategic plan, serving our customers well... (and) tightly controlling spending."
