8-K/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K/A
(Amendment No. 1)

Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934, as amended

Date of Report (Date of earliest event reported): November 14, 2006

THE PEP BOYS – MANNY, MOE & JACK

(Exact Name of Registrant Specified in Charter)

Pennsylvania	1-3381	23-0962915
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
3111 W. Allegheny Ave. Philadelphia, PA		19132
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone, including area code:  215-430-9000

(not applicable)

(Former Name and Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

This Current Report on Form 8-K/A amends that Current Report on Form 8-K filed on November 14, 2006 by The Pep Boys - Manny, Moe & Jack (the “Company”).

Item 2.02.              Results of Operations and Financial Condition

On November 14, 2006, the Company issued a press release announcing its earnings for the fiscal quarter ended October 28, 2006. The event described in Item 8.01 below impacts the previously announced results. On November 29, 2006, the Company issued the attached press release describing such impact.

The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 8.01.              Other Events.

On November 21, 2006, the Company reached a settlement, subject to court approval, of three pending actions involving various wage and hour claims under the Federal Fair Labor Standards Act and California state law for an aggregate amount of $4,550,000.

Item 9.01  Financial Statements and Exhibits

(c) Exhibits. The following exhibits are filed with this report:

Exhibit No. 99.1   Press release dated November 29, 2006.

Exhibit No. 99.2   Unaudited supplemental financial data.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

/s/THE PEP BOYS – MANNY, MOE & JACK

Date: November 29, 2006

2

EX-99.1

Exhibit 99.1

Pep Boys Reaches Legal Settlement
- - Records $0.06 Per Share One-Time Charge -

PHILADELPHIA – November 29, 2006 – The Pep Boys – Manny, Moe & Jack (NYSE: “PBY”), the nation’s leading automotive aftermarket retail and service chain, announced today that it had reached a settlement, subject to court approval, of three pending actions (the earliest of which was filed in 2002) involving various wage and hour claims for an aggregate amount of $4,550,000.

The charge will be recorded in the Company’s third quarter, which ended October 28, 2006, and will revise the recently announced third quarter results by $2,992,000 ($0.06 per share – basic and diluted) to a Net Loss from Continuing Operations Before Cumulative Effect of Change in Accou nting Principle of $10,713,000 ($0.20 per share - basic and diluted).  The charge will also change the previously announced Operating Profit to an Operating Loss of $1,349,000 and EBITDA to $20,594,000.

Set forth below are revisions of the Company’s Financial Highlights and EBITDA Reconciliation included in the previously announced third quarter fiscal 2006 results.  Revised supplemental financial information is available on the Company’s website at www.pepboys.com.  The revisions will be reflected in the Company’s third quarter Form 10-Q to be filed by December 7, 2006.

Pep Boys Financ ial Highlights

Thirteen Weeks Ended:	October 28, 2006			October 29, 2005
Total Revenues	$	550,849,000		$	545,904,000
Net Loss From Continuing Operations Before Cumulative Effect of Change in Accounting Principle	$	(10,713,000	)	$	(11,376,000	)
Average Shares – Basic and Diluted	54,313,000			54,774,000
Basic and Diluted Loss Per Share from Continuing Operations Before Cumulative Effect of Change in Accounting Principle	$	(0.20	)	$	(0.21	)

Thirty-nine Weeks Ended:	October 28, 2006			October 29, 2005
Total Revenues	$	1,686,015,000		$	1,687,548,000
Net Loss From Continuing Operations Before Cumulative Effect of Change in Accounting Principle	$	(10,110,000	)	$	(12,930,000	)
Average Shares – Basic and Diluted	54,264,000			55,288,000
Basic and Diluted Loss Per Share from Continuing Operations Before Cumulative Effect of Change in Accounting Principle	$	(0.19	)	$	(0.23	)

EBITDA Reconciliation

EBITDA is defined as Net Loss plus Interest Expense, minus Income Tax Benefit, plus Depreciation and Amortization.  EBITDA is not a measurement of financial performance under generally accepted accounting principles and may not be compared to similarly captioned information reported by other companies.  In addition, it does not replace net income or cash flow from operations as an indicator of financial performance or liquidity.  We believe EBITDA provides a useful indicator of levels of our financial performance and is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.  A reconciliation of EBITDA for the thirteen and thirty-nine weeks ended October 28, 2006 and October 29, 2005, respectively, to the most directly comparable GAAP measure in accordance with SEC Regulation G follows:

Thirteen Weeks Ended:	October 28, 2006			October 29, 2005
Net Loss	$	(10,914,000	)	$	(11,195,000	)
Interest Expense	15,581,000			9,205,000
Income Tax Benefit	(5,200,000		)	(5,856,000		)
Depreciation and Amortization	21,127,000			20,628,000
EBITDA	$	20,594,000		$	12,782,000

Thirty-nine Weeks Ended:	October 28, 2006			October 29, 2005
Net Loss	$	(10,265,000	)	$	(12,927,000	)
Interest Expense	37,886,000			27,354,000
Income Tax Benefit	(4,600,000		)	(7,212,000		)
Depreciation and Amortization	62,546,000			59,283,000
EBITDA	$	85,567,000		$	66,498,000

Pep Boys has 593 stores and more than 6,000 service bays in 36 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800 -PEP-BOYS or by visiting pepboys.com.

Certain statements contained herein constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The word “guidance,” “expect,” “anticipate,” “estimates,” “forecasts” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management’s expectations regarding future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. 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, retail and commercial consumers’ ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company’s stores, competitive pricing, the location and number of competitors’ stores, product and labor costs and the additional factors described in the Company’s filings with the SEC. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

###

Contact:
Pep Boys, Philadelphia
Investor Contact: Harry Yanowitz, 215-430-9720
Media Contact:  Alex Spooner, (215) 430-9588
Internet: http://www.pepboys.com

EX-99.2

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										Thirty-nine weeks ended
	October 28, 2006					October 29, 2005					October 28, 2006					October 29, 2005
				%					%					%					%
	Amount			Sales		Amount			Sales		Amount			Sales		Amount			Sales
Merchandise Sales	$	453,711		82.4		$	452,356		82.9		$	1,393,023		82.6		$	1,396,812		82.8
Service Revenue	97,138			17.6		93,548			17.1		292,992			17.4		290,736			17.2
Total Revenues	550,849			100.0		545,904			100.0		1,686,015			100.0		1,687,548			100.0
Costs of Merchandise Sales	323,025			71.2		337,899			74.7		995,447			71.5		1,031,113			73.8
Costs of Service Revenue	90,131			92.8		88,892			95.0		268,895			91.8		259,580			89.3
Total Costs of Revenues	413,156			75.0		426,791			78.2		1,264,342			75.0		1,290,693			76.5
Gross Profit from Merchandise Sales	130,686			28.8		114,457			25.3		397,576			28.5		365,699			26.2
Gross Profit from Service Revenue	7,007			7.2		4,656			5.0		24,097			8.2		31,156			10.7
Total Gross Profit	137,693			25.0		119,113			21.8		421,673			25.0		396,855			23.5
Selling, General and Administrative Expenses	139,255			25.3		127,037			23.3		410,020			24.3		395,367			23.4
Net Gain (Loss) from Sales of Assets	213			0		(629		)	(0.1	)	6,229			0.3		2,977			0.2
Operating Profit (Loss)	(1,349		)	(0.3	)	(8,553		)	(1.6	)	17,882			1.1		4,465			0.3
Non-operating Income	1,017			0.2		526			0.1		5,294			0.3		2,747			0.2
Interest Expense	15,581			2.8		9,205			1.7		37,886			2.2		27,354			1.6
Loss From Continuing Operations Before Income Taxes and Cumulative Effect of Change in Accounting Principle	(15,913		)	(2.9	)	(17,232		)	(3.2	)	(14,710		)	(0.9	)	(20,142		)	(1.1	)
Income Tax Benefit	(5,200		)	32.7	(1)	(5,856		)	34.0	(1)	(4,600		)	31.3	(1)	(7,212		)	35.8	(1)
Net Loss From Continuing Operations Before Cumulative Effect of Change in Accounting Principle	(10,713		)	(1.9	)	(11,376		)	(2.1	)	(10,110		)	(0.6	)	(12,930		)	(0.8	)
Discontinued Operations, Net of Tax	(205		)	0.0		181			0.0		(338		)	0.0		3			0.0
Cumulative Effect of Change in Accounting Principle, Net of Tax	4			0.0		—			0.0		183			0.0		—			0.0
Net Loss	(10,914		)	(2.0	)	(11,195		)	(2.1	)	(10,265		)	(0.6	)	(12,927		)	(0.8	)
Retained Earnings, beginning of period	474,858					525,703					481,926					536,780
Cash Dividends	(3,691		)			(3,664		)			(11,207		)			(10,984		)
Effect of Stock Options	(209		)			(257		)			(285		)			(2,231		)
Dividend Reinvestment Plan	(31		)			(55		)			(156		)			(106		)
Retained Earnings, end of period	$	460,013				$	510,532				$	460,013				$	510,532
Basic and Diluted Loss per Share:
Basic and Diluted Weighted Average Shares Outstanding	54,313					54,774					54,264					55,288
Net Loss From Continuing Operations Before Cumulative Effect of Change in Accounting Principle	$	(0.20	)			$	(0.21	)			$	(0.19	)			$	(0.23	)
Discontinued Operations, Net of Tax	—					0.01					—					—
Cumulative Effect of Change in Accgounting Principle, Net of Tax	—					—					—					—
Basic and Diluted Loss per Share	$	(.20	)			$	(0.20	)			$	(0.19	)			$	(0.23	)
Cash Dividends per Share	$	0.0675				$	0.0675				$	0.1350				$	0.1350

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

THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES		(UNAUDITED)
CONSOLIDATED BALANCE SHEETS	(dollar amounts in thousands, except per share amounts)

	October 28, 2006			January 28, 2006			October 29, 2005
Assets
Current Assets:
Cash and cash equivalents	$	22,492		$	48,281		$	36,534
Accounts receivable, net	29,488			36,434			34,473
Merchandise inventories	645,394			616,292			648,368
Prepaid expenses	25,151			40,952			26,511
Other	59,001			85,446			63,123
Assets held for disposal	—			652			652
Total Current Assets	781,526			828,057			809,661
Property and Equipment - at cost:
Land	256,865			257,802			258,124
Buildings and improvements	919,543			916,580			909,872
Furniture, fixtures and equipment	667,101			671,189			668,960
Construction in progress	17,896			15,858			18,266
	1,861,405			1,861,429			1,855,222
Less accumulated depreciation and amortization	952,867			914,040			908,181
Property and Equipment - net	908,538			947,389			947,041
Other	79,547			46,307			66,125
Total Assets	$	1,769,611		$	1,821,753		$	1,822,827
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable	$	308,683		$	261,940		$	304,120
Trade payable program liability	13,284			11,156			11,212
Accrued expenses	267,218			290,761			265,331
Deferred income taxes	18,909			15,417			19,238
Current maturities of long-term debt and obligations under capital leases	2,686			1,257			144,164
Total Current Liabilities	610,780			580,531			744,065
Long-term debt and obligations under capital leases, less current maturities	524,426			467,239			270,868
Convertible long-term debt	—			119,000			119,000
Other long-term liabilities	58,762			57,481			52,895
Deferred income taxes	—			2,937			14,096
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			68,557
Additional paid-in capital	289,718			288,098			287,184
Retained earnings	460,013			481,926			510,532
Accumulated other comprehensive loss	(4,209		)	(3,565		)	(3,004		)
Less cost of shares in treasury - 12,015,192 shares 12,152,968 shares and 12,210,647 shares	(179,172		)	(181,187		)	(182,102		)
Less cost of shares in benefits trust - 2,195,270 shares	(59,264		)	(59,264		)	(59,264		)
Total Stockholders’ Equity	575,643			594,565			621,903
Total Liabilities and Stockholders’ Equity	$	1,769,611		$	1,821,753		$	1,822,827

THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES	(UNAUDITED)
CONSOLIDATED STATEMENTS OF CASH FLOWS	(dollar amounts in thousands)

Thirty-nine Weeks Ended	October 28, 2006			October 29, 2005
Cash Flows from Operating Activities:
Net loss	$	(10,265	)	$	(12,927	)
Adjustments to reconcile net loss to net cash provided by continuing operations:
Net loss (earnings) from discontinued operations	338			(3		)
Depreciation and amortization	62,546			59,283
Cumulative effect of change in accounting principle, net of tax	(183		)	—
Accretion of asset disposal obligation	203			84
Loss on defeasance of convertible debt	755			—
Stock compensation expense	2,611			2,001
Cancellation of vested stock options	(1,056		)	—
Deferred income taxes	(7,366		)	(12,337		)
Gain from sales of assets	(6,229		)	(2,977		)
Loss from asset impairment	550			—
Excess tax benefits from stock based awards	(37		)	—
Increase in cash surrender value of life insurance policies	(1,593		)	(2,575		)
Changes in Operating Assets and Liabilities:
Decrease in accounts receivable, prepaid expenses and other	50,150			51,789
Increase in merchandise inventories	(29,102		)	(45,608		)
Increase (decrease) in accounts payable	46,743			(6,861		)
Decrease in accrued expenses	(24,998		)	(44,075		)
Increase in other long-term liabilities	1,281			14,918
Net cash provided by continuing operations	84,348			712
Net cash used in discontinued operations	(367		)	(259		)
Net Cash Provided by Operating Activities	83,981			453
Cash Flows from Investing Activities:
Cash paid for property and equipment	(25,092		)	(65,197		)
Proceeds from sales of assets	1,598			1,724
Proceeds from sales of assets held for disposal	6,981			6,913
Repayment of life insurance proceeds	(24,669		)	—
Premiums paid on life insurance policies	—			(488		)
Net cash used in continuing operations	(41,182		)	(57,048		)
Net cash provided by discontinued operations	—			916
Net Cash Used in Investing Activities	(41,182		)	(56,132		)
Cash Flows from Financing Activities:
Net (payments) borrowings under line of credit agreements	(60,042		)	62,163
Excess tax benefits from stock based awards	37			—
Net borrowings on trade payable program liability	2,128			11,212
Proceeds from issuance of note	121,000			—
Reduction of long-term debt	(2,259		)	(40,456		)
Reduction of convertible debt	(119,000		)	—
Payments on capital lease obligations	(167		)	(363		)
Dividends paid	(11,207		)	(10,984		)
Repurchase of common stock	—			(15,562		)
Proceeds from exercise of stock options	242			2,711
Proceeds from dividend reinvestment plan	680			734
Net Cash (Used in) Provided by Financing Activities	(68,588		)	9,455
Net Decrease in Cash	(25,789		)	(46,224		)
Cash and Cash Equivalents at Beginning of Period	48,281			82,758
Cash and Cash Equivalents at End of Period	$	22,492		$	36,534
Supplemental Disclosure of Cash Flow Information:
Non-cash investing activities:
Accrued purchases of property and equipment	$	757		$	2,182
Non-cash financing activities:
Equipment capital leases	$	84		$	124

THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES	(UNAUDITED)
ADDITIONAL INFORMATION	(dollar amounts in thousands)

	Thirteen weeks ended						Thirty-nine weeks ended
	October 28, 2006			October 29, 2005			October 28, 2006			October 29, 2005
Capital expenditures	$	9,726		$	22,768		$	25,849		$	67,379
Depreciation and amortization	$	21,127		$	20,628		$	62,546		$	59,283
Non-operating income:
Net rental revenue	$	580		$	355		$	1,750		$	1,069
Investment income	471			272			3,750			777
Other (expense) income	(34		)	(101		)	(206		)	901
Total	$	1,017		$	526		$	5,294		$	2,747
Comparable sales percentages:
Merchandise	0.2		%	-0.6		%	-0.1		%	-0.5		%
Service	3.9		%	-8.2		%	1.0		%	-6.7		%
Total	0.8		%	-2.0		%	0.1		%	-1.6		%
Total square feet of retail space (including service centers)							12,167,089			12,167,089
Total Store Count							593			593
Sales and Gross Profit by Line of Business (A):
Retail Sales	$	323,522		$	328,877		$	1,005,033		$	1,023,887
Service Center Revenue	227,327			217,027			680,982			663,661
Total Revenues	$	550,849		$	545,904		$	1,686,015		$	1,687,548
Gross Profit from Retail Sales	$	93,554		$	82,969		$	283,322		$	262,575
Gross Profit from Service Center Revenue	44,139			36,144			138,351			134,280
Total Gross Profit	$	137,693		$	119,113		$	421,673		$	396,855
Comparable Sales Percentages (A):
Retail Sales	-1.8		%	2.1		%	-1.7		%	0.6		%
Service Center Revenue	4.8		%	-7.6		%	2.9		%	-4.8		%
Total Revenues	0.8		%	-2.0		%	0.1		%	-1.6		%
Gross Profit Percentage by Line of Business (A):
Gross Profit Percentage from Retail Sales	28.9		%	25.2		%	28.2		%	25.6		%
Gross Profit Percentage from Service Center Revenue	19.4		%	16.7		%	20.3		%	20.2		%
Total Gross Profit Percentage	25.0		%	21.8		%	25.0		%	23.5		%

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

Adjustments

In the fourth quarter of 2005 we completed the restructuring of substantially all of our vendor agreements to provide flexibility in how we use vendor support funds.  Previously, the vendor agreements required us to use certain vendor support funds exclusively for promotions and to partially offset certain other direct expenses.  Under EITF No. 02-16, these types of allowances are to be netted against the appropriate expenses they offset, once it is determined that the allowances are for specific, identifiable and incremental expenses.  Under the restructured contracts it is not possible to make this determination.  Therefore, all vendor support funds are now treated as a reduction of inventories and are recognized as a reduction to Costs of Merchandise Sales as the inventories are sold, in accordance with EITF No. 02-16.  For the periods below, all previously identified costs which had been netted against Selling, General and Administrative Expenses have been reclassified to Gross Profit from Merchandise Sales as if the vendor agreements had been restructured as of January 30, 2005.

Please see the table below illustrating the effect of this adjustment on the thirteen and thirty-nine week periods ended October 29, 2005 (presented in both GAAP and Line of Business formats), assuming that such change had been in effect during such periods.

STATEMENTS OF OPERATIONS

GAAP Format

	Thirteen weeks ended								Thirteen weeks ended					Thirteen weeks ended
	October 29, 2005								October 29, 2005					October 28, 2006
	ACTUAL					ADJUSTMENTS			AS ADJUSTED					ACTUAL
				%				%				%					%
	Amount			Sales		Amount		Sales	Amount			Sales		Amount			Sales
Gross Profit from Merchandise Sales	$	114,457		25.3		$	7,510	1.7	$	121,967		27.0		$	130,686		28.8
Gross Profit from Service Revenue	4,656			5.0		—		—	4,656			5.0		7,007			7.2
Total Gross Profit	119,113			21.8		7,510		1.4	126,623			23.2		137,693			25.0
Selling, General and Administrative Expenses	127,037			23.3		7,510		1.4	134,547			24.7		139,255			25.3
Net (Loss) Gain on Sales of Assets	(629		)	(0.1	)	—		—	(629		)	(0.1	)	213			0
Operating (Loss) Profit	$	(8,553	)	(1.6	)	$	—	—	$	(8,553	)	(1.6	)	$	(1,349	)	(0.3	)

	Thirty-nine weeks ended						Thirty-nine weeks ended			Thirty-nine weeks ended
	October 29, 2005						October 29, 2005			October 28, 2006
	ACTUAL			ADJUSTMENTS			AS ADJUSTED			ACTUAL
			%			%			%			%
	Amount		Sales	Amount		Sales	Amount		Sales	Amount		Sales
Gross Profit from Merchandise Sales	$	365,699	26.2	$	26,929	1.9	$	392,628	28.1	$	397,576	28.5
Gross Profit from Service Revenue	31,156		10.7	—		—	31,156		10.7	24,097		8.2
Total Gross Profit	396,855		23.5	26,929		1.6	423,784		25.1	421,673		25.0
Selling, General and Administrative Expenses	395,367		23.4	26,929		1.6	422,296		25.0	410,020		24.3
Net Gain on Sales of Assets	2,977		0.2	—		—	2,977		0.2	6,229		0.3
Operating Profit	$	4,465	0.3	$	—	—	$	4,465	0.3	$	17,882	1.0

Line of Business Format

	Thirteen weeks ended								Thirteen weeks ended					Thirteen weeks ended
	October 29, 2005								October 29, 2005					October 28, 2006
	ACTUAL					ADJUSTMENTS			AS ADJUSTED					ACTUAL
				%				%				%					%
	Amount			Sales		Amount		Sales	Amount			Sales		Amount			Sales
Gross Profit from Retail Sales	$	82,969		25.2		$	5,294	1.6	$	88,263		26.8		$	93,554		28.9
Gross Profit from Service Center Revenue	36,144			16.7		2,216		1.0	38,360			17.7		44,139			19.4
Total Gross Profit	119,113			21.8		7,510		1.4	126,623			23.3		137,693			25.0
Selling, General and Administrative Expenses	127,037			23.3		7,510		1.4	134,547			24.7		139,255			25.3
Net (Loss) Gain on Sales of Assets	(629		)	(0.1	)	—		—	(629		)	(0.1	)	213			0.0
Operating (Loss) Profit	$	(8,553	)	(1.6	)	$	—	—	$	(8,553	)	(1.6	)	$	(1,349	)	(0.3	)

	Thirty-nine weeks ended						Thirty-nine weeks ended			Thirty-nine weeks ended
	October 29, 2005						October 29, 2005			October 28, 2006
	ACTUAL			ADJUSTMENTS			AS ADJUSTED			ACTUAL
			%			%			%			%
	Amount		Sales	Amount		Sales	Amount		Sales	Amount		Sales
Gross Profit from Retail Sales	$	262,575	25.6	$	19,108	1.9	$	281,683	27.5	$	283,322	28.2
Gross Profit from Service Center Revenue	134,280		20.2	7,821		1.2	142,101		21.4	138,351		20.3
Total Gross Profit	396,855		23.5	26,929		1.6	423,784		25.1	421,673		25.0
Selling, General and Administrative Expenses	395,367		23.4	26,929		1.6	422,296		25.0	410,020		24.3
Net Gain on Sales of Assets	2,977		0.2	—		—	2,977		0.2	6,229		0.3
Operating Profit	$	4,465	0.3	$	—	—	$	4,465	0.3	$	17,882	1.1