Exhibit 99.2

THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES

(UNAUDITED)

CONSOLIDATED STATEMENTS OF OPERATIONS

(dollar amounts in thousands, except per share amounts)

	Thirteen weeks ended February 2, 2008					Fourteen weeks ended February 3, 2007					Fifty-two weeks ended February 2, 2008					Fifty-three weeks ended February 3, 2007
				%					%					%					%
	Amount			Sales		Amount			Sales		Amount			Sales		Amount			Sales
Merchandise Sales	$	426,417		82.4		$	477,314		82.4		$	1,749,578		81.8		$	1,853,077		82.6
Service Revenue	91,222			17.6		101,637			17.6		388,497			18.2		390,778			17.4
Total Revenues	517,639			100.0		578,951			100.0		2,138,075			100.0		2,243,855			100.0
Costs of Merchandise Sales	334,594			78.5		336,579			70.5		1,305,952			74.6		1,319,801			71.2
Costs of Service Revenue	84,039			92.1		93,528			92.0		345,886			89.0		357,774			91.6
Total Costs of Revenues	418,633			80.9		430,107			74.3		1,651,838			77.3		1,677,575			74.8
Gross Profit from Merchandise Sales	91,823			21.5		140,735			29.5		443,626			25.4		533,276			28.8
Gross Profit from Service Revenue	7,183			7.9		8,109			8.0		42,611			11.0		33,004			8.4
Total Gross Profit	99,006			19.1		148,844			25.7		486,237			22.7		566,280			25.2
Selling, General and Administrative Expenses	125,872			24.3		139,752			24.1		518,373			24.2		546,399			24.4
Net Gain from Dispositions of Assets	13,322			2.6		9,060			1.6		15,151			0.7		8,968			0.4
Operating (Loss) Profit	(13,544		)	(2.6	)	18,152			3.1		(16,985		)	(0.8	)	28,849			1.3
Non-operating Income	543			0.1		1,729			0.3		5,246			0.2		7,023			0.3
Interest Expense	14,805			2.9		11,456			2.0		51,293			2.4		49,342			2.2
(Loss) Earnings From Continuing Operations Before Income Taxes and Cumulative Effect of Change in Accounting Principle	(27,806		)	(5.4	)	8,425			1.5		(63,032		)	(2.9	)	(13,470		)	(0.6	)
Income Tax (Benefit) Expense	(9,301		)	33.4	(1)	489			5.8	(1)	(25,594		)	40.6	(1)	(6,399		)	47.5	(1)
Net (Loss) Earning From Continuing Operations Before Cumulative Effect of Change in Accounting Principle	(18,505		)	(3.6	)	7,936			1.4		(37,438		)	(1.8	)	(7,071		)	(0.3	)
Discontinued Operations, Net of Tax	(1,898		)	(0.4	)	(226		)	—		(3,601		)	(0.2	)	4,333			0.2
Cumulative Effect of Change in Accounting Principle, Net of Tax	—			—		6			—		—			—		189			—
Net (Loss) Earnings	(20,403		)	(3.9	)	7,716			1.3		(41,039		)	(1.9	)	(2,549		)	(0.1	)
Retained Earnings, beginning of period	431,088					460,013					463,797					481,926
Cash Dividends	(3,547		)			(3,550		)			(14,177		)			(14,757		)
Cumulative effect adjustment for adoption of FIN 48	—					—					(155		)			—
Cumulative effect adjustment for change in measurement date	(189		)			—					(189		)			—
Effect of Stock Options	(71		)			(372		)			(1,332		)			(657		)
Dividend Reinvestment Plan	(59		)			(10		)			(86		)			(166		)
Retained Earnings, end of period	$	406,819				$	463,797				$	406,819				$	463,797
Basic and Diluted (Loss) Earnings per Share:
Basic Weighted Average Shares Outstanding	51,903					54,274					52,130					54,318
Diluted Weighted Average Shares Outstanding	51,903					54,595					52,130					54,318
Net (Loss) Earning From Continuing Operations Before Cumulative Effect of Change in Accounting Principle	$	(0.36	)			$	0.15				$	(0.72	)			$	(0.13	)
Discontinued Operations, Net of Tax	(0.03		)			—					(0.07		)			0.08
Cumulative Effect of Change in Accounting Principle, Net of Tax	—					—					—					—
Basic (Loss) Earnings per Share	$	(0.39	)			$	0.15				$	(0.79	)			$	(0.05	)
Cash Dividends per Share	$	0.0675				$	0.0675				$	0.2700				$	0.2700

(1)  As a percentage of (loss) earnings from continuing operations before income taxes and cumulative effect of change in accounting principle.

CONSOLIDATED BALANCE SHEETS

(dollar amounts in thousands, except per share amounts)

	February 2, 2008			February 3, 2007
Assets
Current Assets:
Cash and cash equivalents	$	20,926		$	21,884
Accounts receivable, net	29,450			29,582
Merchandise inventories	561,152			607,042
Prepaid expenses	43,842			39,264
Other	77,469			70,368
Assets held for disposal	16,918			—
Total Current Assets	749,757			768,140
Property and Equipment - at cost:
Land	213,962			251,705
Buildings and improvements	858,699			929,225
Furniture, fixtures and equipment	699,303			684,042
Construction in progress	3,992			3,464
	1,775,956			1,868,436
Less accumulated depreciation and amortization	995,177			962,189
Property and Equipment - net	780,779			906,247
Deferred income taxes	20,775			24,828
Other	32,609			67,984
Total Assets	$	1,583,920		$	1,767,199
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable	$	245,423		$	265,489
Trade payable program liability	14,254			13,990
Accrued expenses	292,623			292,280
Deferred income taxes	—			28,931
Current maturities of long-term debt and obligations under capital leases	2,114			3,490
Total Current Liabilities	554,414			604,180
Long-term debt and obligations under capital leases, less current maturities	400,016			535,031
Other long-term liabilities	72,183			60,233
Deferred gain from asset sales	86,595			—
Commitments and Contingencies
Stockholders’ Equity:
Common Stock, par value $1 per share: Authorized 500,000,000 shares; Issued 68,557,041 shares	68,557			68,557
Additional paid-in capital	296,074			289,384
Retained earnings	406,819			463,797
Accumulated other comprehensive loss	(14,183		)	(9,380		)
Less cost of shares in treasury - 14,609,094 shares and 12,427,687 shares	227,291			185,339
Less cost of shares in benefits trust - 2,195,270 shares	59,264			59,264
Total Stockholders’ Equity	470,712			567,755
Total Liabilities and Stockholders’ Equity	$	1,583,920		$	1,767,199

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollar amounts in thousands)

	Fifty-two Weeks Ended February 2, 2008			Fifty-three weeks ended February 3, 2007
Cash Flows from Operating Activities:
Net loss	$	(41,039	)	$	(2,549	)
Adjustments to reconcile net loss to net cash provided by continuing operations:
Net loss (earnings) from discontinued operations	3,601			(4,333		)
Depreciation and amortization	81,036			87,525
Cumulative effect of change in accounting principle, net of tax	—			(189		)
Amortization of deferred gain from asset sales	(1,030		)	—
Accretion of asset disposal obligation	276			266
Loss on defeasance of convertible debt	—			755
Stock compensation expense	9,756			3,051
Inventory impairment	32,803			—
Cancellation of vested stock options	—			(1,056		)
Deferred income taxes	(28,187		)	(8,316		)
Gain from dispositions of assets and insurance recoveries	(15,151		)	(8,968		)
Loss from asset impairment	7,199			840
Change in fair value of derivatives	9,268			(5,568		)
Excess tax benefits from stock based awards	(1,104		)	(95		)
Increase in cash surrender value of life insurance policies	(4,928		)	(2,143		)
Changes in Operating Assets and Liabilities:
(Increase) decrease in accounts receivable, prepaid expenses and other	(1,579		)	24,045
Decrease in merchandise inventories	13,087			9,250
(Decrease) increase in accounts payable	(20,066		)	3,549
Increase (decrease) in accrued expenses	10,083			(4,165		)
(Decrease) increase in other long-term liabilities	(3,224		)	2,093
Net cash provided by continuing operations	50,801			93,992
Net cash provided by (used in) discontinued operations	1,983			(1,562		)
Net Cash Provided by Operating Activities	52,784			92,430
Cash Flows from Investing Activities:
Cash paid for property and equipment	(43,116		)	(49,391		)
Proceeds from dispositions of assets	162,712			10,561
Life insurance proceeds received (paid)	30,045			(24,669		)
Net cash provided by (used in) continuing operations	149,641			(63,499		)
Net cash (used in) provided by discontinued operations	(379		)	6,160
Net Cash Provided by (Used in) Investing Activities	149,262			(57,339		)
Cash Flows from Financing Activities:
Borrowings under line of credit agreement	570,094			586,993
Payments under line of credit agreement	(545,617		)	(635,562		)
Excess tax benefits from stock based awards	1,104			95
Borrowings on trade payable program liability	151,069			76,713
Payments on trade payable program liability	(150,805		)	(73,879		)
Payments for finance issuance costs	(85		)	(2,217		)
Proceeds from lease financing	4,827			—
Proceeds from term loan	—			121,000
Reduction of long-term debt	(165,409		)	(2,263		)
Defeasance of convertible debt	—			(119,000		)
Payments on capital lease obligations	(286		)	(227		)
Dividends paid	(14,177		)	(14,757		)
Repurchase of common stock	(58,152		)	—
Proceeds from exercise of stock options	3,652			722
Proceeds from dividend reinvestment plan	781			894
Net Cash Used in Financing Activities	(203,004		)	(61,488		)
Net Decrease in Cash and Cash Equivalents	(958		)	(26,397		)
Cash and Cash Equivalents at Beginning of Period	21,884			48,281
Cash and Cash Equivalents at End of Period	$	20,926		$	21,884
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of amounts capitalized	$	44,129		$	46,245
Cash received from income tax refunds	$	59		$	1
Cash paid for income taxes	$	3,147		$	632
Non-cash investing activities:
Accrued purchases of property and equipment	$	1,985		$	3,691
Non-cash financing activities:
Equipment capital leases	$	—		$	84
Repurchase of common stock not settled	$	—		$	7,311

ADDITIONAL INFORMATION

(dollar amounts in thousands)

	Thirteen weeks ended February 2, 2008			Fourteen weeks ended February 3, 2007			Fifty-two weeks ended February 2, 2008			Fifty-three weeks ended February 3, 2007
Capital expenditures	$	12,423		$	28,054		$	42,496		$	53,903
Depreciation and amortization	$	19,312		$	25,679		$	81,036		$	87,525
Non-operating income:
Net rental revenue	$	439		$	518		$	2,288		$	2,268
Investment income	112			1,280			3,011			5,030
Other (expense) income	(8		)	(69		)	(53		)	(275		)
Total	$	543		$	1,729		$	5,246		$	7,023
Comparable sales percentages (A)(B):
Merchandise	-4.4		%	-1.5		%	-4.2		%	-0.5		%
Service	-1.0		%	2.0		%	1.8		%	1.3		%
Total	-3.8		%	-0.9		%	-3.1		%	-0.2		%
Total square feet of retail space (including service centers)							11,514,000			12,167,089
Total Store Count							562			593
Sales and Gross Profit by Line of Business (A)(C):
Retail Sales	$	302,132		$	343,249		$	1,226,175		$	1,336,330
Service Center Revenue	215,507			235,702			911,900			907,525
Total Revenues	$	517,639		$	578,951		$	2,138,075		$	2,243,855
Gross Profit from Retail Sales	$	52,506		$	97,865		$	277,206		$	377,897
Gross Profit from Service Center Revenue	46,500			50,979			209,031			188,383
Total Gross Profit	$	99,006		$	148,844		$	486,237		$	566,280
Comparable Sales Percentages (A)(B):
Retail Sales	-7.0		%	-2.2		%	-7.2		%	-1.9		%
Service Center Revenue	0.9		%	1.0		%	2.8		%	2.4		%
Total Revenues	-3.8		%	-0.9		%	-3.1		%	-0.2		%
Gross Profit Percentage by Line of Business (A)(C):
Gross Profit Percentage from Retail Sales	17.4		%	28.5		%	22.6		%	28.3		%
Gross Profit Percentage from Service Center Revenue	21.6		%	21.6		%	22.9		%	20.8		%
Total Gross Profit Percentage	19.1		%	25.7		%	22.7		%	25.2		%

(A) Retail Sales include DIY and Commercial sales. Service Center Revenue includes revenue from labor and installed parts and tires.

(B)  Revenue earned during the week ended February 3, 2007 is considered “non-comparable” and, accordingly, excluded from the calculation of comparable sales percentages.

(C) Sales and Gross Profit represent thirteen and fifty-two weeks ended February 2, 2008, and fourteen and fifty-three weeks ended February 3, 2007.

Adjustments

During the thirteen weeks ended February 2, 2008, the Company’s operating performance was impacted by certain events.  The Company believes that the adjustment of certain of its financial statement line items to eliminate the impact of such events provides a useful indicator of the Company’s operating performance.  Such adjusted line items are not a measurement of operating performance under generally accepted accounting principles (GAAP) and cannot be compared to similarly captioned information reported by other companies.

The adjustments for the thirteen weeks ended February 2, 2008, exclude the (A) $8.5 million of margin reductions related to the exiting of non-core products, (B) $6.2 million cost to close 20 low-return stores, and (C) $6.0 million for the immediate recognition of bond discount and deferred swap cost caused by the prepayment of debt. There were no adjustments for the fourteen weeks ended February 3, 2007.

The table below illustrates the effect of the above adjustments on the thirteen week period ended February 2, 2008 (presented in GAAP and Line of Business format).

STATEMENTS OF OPERATIONS

GAAP Format

	Thirteen weeks ended															Fourteen weeks ended
	February 2, 2008															February 3, 2007
	ACTUAL					ADJUSTMENTS					AS ADJUSTED					ACTUAL
				%					%					%				%
	Amount			Sales		Amount			Sales		Amount			Sales		Amount		Sales
Gross Profit from Merchandise Sales	$	91,823		21.5		$	11,291		2.6	(A)(B)	$	103,114		24.2		$	140,735	29.5
Gross Profit from Service Revenue	7,183			7.9		768			0.8	(B)	7,951			8.7		8,109		8.0
Total Gross Profit	99,006			19.1		12,059			2.3		111,065			21.5		148,844		25.7
Selling, General and
Administrative Expenses	125,872			24.3		(2,597		)	(0.5	)(B)	123,275			23.8		139,752		24.1
Net Gain from Dispositions of Assets	13,322			2.6		—			—		13,322			2.6		9,060		1.6
Operating (Loss) Profit	(13,544		)	(2.6	)	14,656			2.8		1,112			0.2		18,152		3.1
Non-operating Income	543			0.1		—			—		543			0.1		1,729		0.3
Interest Expense	14,805			2.9		(6,035		)	(1.2	)(C)	8,770			1.7		11,456		2.0
(Loss) Earnings From Continuing Operations Before Income Taxes and Cumulative Effect of Change in Accounting Principle	$	(27,806	)	(5.4	)	$	20,691		4.0		$	(7,115	)	(1.4	)	$	8,425	1.5
(Loss) Earnings From Continuing Operations Before Cumulative Effect of Change in Accounting Principle per share	$	(0.36	)			$	0.27				$	(0.09	)			$	0.15

Line of Business Format

	Thirteen weeks ended															Fourteen weeks ended
	February 2, 2008															February 3, 2007
	ACTUAL					ADJUSTMENTS					AS ADJUSTED					ACTUAL
				%					%					%				%
	Amount			Sales		Amount			Sales		Amount			Sales		Amount		Sales
Gross Profit from Retail Sales	$	52,506		17.4		$	11,291		3.7	(A)(B)	$	63,797		21.1		$	97,865	28.5
Gross Profit from Service Center Revenue	46,500			21.6		768			0.4	(B)	47,268			21.9		50,979		21.6
Total Gross Profit	99,006			19.1		12,059			2.3		111,065			21.5		148,844		25.7
Selling, General and											—
Administrative Expenses	125,872			24.3		(2,597		)	(0.5	)(B)	123,275			23.8		139,752		24.1
Net Gain from Dispositions of Assets	13,322			2.6		—			—		13,322			2.6		9,060		1.6
Operating (Loss) Profit	(13,544		)	(2.6	)	14,656			2.8		1,112			0.2		18,152		3.1
Non-operating Income	543			0.1		—			—		543			0.1		1,729		0.3
Interest Expense	14,805			2.9		(6,035		)	(1.2	)(C)	8,770			1.7		11,456		2.0
(Loss) Earnings From Continuing Operations Before Income Taxes and Cumulative Effect of Change in Accounting Principle	$	(27,806	)	(5.4	)	$	20,691		4.0		$	(7,115	)	(1.4	)	$	8,425	1.5
(Loss) Earnings From Continuing Operations Before Cumulative Effect of Change in Accounting Principle per share	$	(0.36	)			$	0.27				$	(0.09	)			$	0.15