Philadelphia-based Pep Boys saw a net income of $36.6 million against 2010 sales of $1.91 billion for the year.
The company said it had a 1.1% year-over-year rise in comparable service revenue and a 3.1% jump in comparable retail sales.
With those results, which he termed as “successful,” Pep Boys president and CEO Mike Odell said that in 2011 the company would invest in 50 new tire and service centers and five “supercenters.”
“We opened 35 new locations in 2010 – 28 Service & Tire Centers and seven supercenters,” Odell said. “That’s on top of 25 new stores in 2009. Our growth will continue to accelerate in 2011, as we have targeted opening 50 new Service & Tire Centers and five supercenters.”
Pep Boys has more than 620 stores in 35 states and Puerto Rico.