Monro Muffler Brake Inc Lowers FY 2014 EPS Outlook; Lowers High End Of Prior FY 2014 Revenue Outlook; Issues Q2 2014 EPS Outlook Below Estimates; Comments Q2, FY 2014 Comparable Store Sales Outlook

Thursday, 25 Jul 2013 07:31am EDT 

Monro Muffler Brake Inc announced that based on current visibility and business and economic trends, including flat comparable store sales to-date in July, as well as the pending acquisition, the Company now anticipates an increase in fiscal 2014 comparable store sales in the range of 1% to 3% and is revising its estimated diluted earnings per share to a range of $1.58 to $1.70 versus its prior range of $1.65 to $1.80. The revised guidance range represents earnings increases of 20% and 29% at the low and high ends of the range, respectively, and includes slight dilution to earnings from the Curry acquisition. The Company now expects its total sales to be in the range of $840 to $860 million. For the second quarter of 2014, the Company anticipates the change in comparable store sales to be in the range of 0% to 2% and diluted earnings per share (EPS) to be between $0.41 and $0.45. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $862 million and EPS of $1.76 for fiscal 2014; EPS of $0.47 for the second quarter of 2014. 

Company Quote

-0.76 -1.19%
27 Feb 2015