Key Developments: Monro Muffler Brake Inc (MNRO.O)
49.41USD
19 Jun 2013
$-0.32 (-0.64%)
$49.73
$49.99
$50.39
$49.38
235,757
334,123
$50.66
$30.72
Latest Key Developments (Source: Significant Developments)
Monro Muffler Brake Inc Issues FY 2014 Guidance In Line With Analysts' Estimates; Issues FY 2014 Comparable Store Sales Guidance
Monro Muffler Brake Inc announced that for fiscal 2014, it expects sales to be between $840 and $865 million. Comparable store sales increases are expected to be in the range of 2.5% to 4.5%. Fiscal 2014 diluted earnings per share (EPS) are expected to be in the range of $1.65 to $1.80, which compares to $1.32 diluted earnings per share in fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $865 million and EPS of $1.78 for fiscal 2014. Full Article
Monro Muffler Brake Inc Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Monro Muffler Brake Inc announced that for fiscal 2013, it expects EBITDA of approximately $100 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $99 million for fiscal 2013. Full Article
Monro Muffler Brake Inc Comments On Q4, FY 2013 Comp Sales Outlook; Lowers FY 2013 EPS Outlook; Raises Low End Of Prior FY 2013 Revenue Outlook; Issues Q4 2013 EPS Outlook Below Analysts' Estimates
Monro Muffler Brake Inc announced that for fiscal 2013, it expects change in comparable store sales, adjusted for days, to be in the range of -6.5% to -5.5% and is revising its estimated diluted earnings per share (EPS) to a range of $1.27 to $1.32, from the prior range of $1.36 to $1.50. The Company now expects its total sales to be in the range of $725 million to $735 million. For the fourth quarter of 2013, it expects change in comparable store sales to be in the range of -9% to -6%, adjusted for days. The Company expects diluted earnings per share (EPS) to be between $.20 and $.25, with the fiscal 2013 completed acquisitions expected to be breakeven or slightly dilutive. This compares to $.33 diluted earnings per share of fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.43 on revenue of $726 million for fiscal 2013; EPS of $0.36 for the fourth quarter of 2013. Full Article
Monro Muffler Brake Inc Announces Acceleration Of Fourth Quarter Fiscal 2013 Dividend Payment To Combine Payment With Third Quarter Fiscal 2013 Dividend Payment
Monro Muffler Brake Inc announced that the Board of Directors has decided to accelerate the record and payment date of the $.10 per share regular quarterly cash dividend for the fourth quarter such that the dividend can be paid out together with the third quarter dividend in December. This combined dividend of $.20 per share will now be payable on December 21, 2012 to shareholders of record as of December 11, 2012. The cash dividend is payable to shareholders of record on the Company's outstanding shares of common stock including the shares of common stock to which the holders of the Company's Class C Convertible Preferred Stock are entitled. In view of the acceleration of the fourth quarter dividend payment, no additional dividend payment can be expected for the remainder of fiscal 2013. Full Article
Monro Muffler Brake Inc Reaffirms Q3, FY 2013 Guidance; Reaffirms Q3, FY 2013 Comp Sales Guidance-Conference Call
Monro Muffler Brake Inc announced that for the third quarter of 2013, it expects comparable store sales to be in the range of down 3% to flat, earnings per share (EPS) to be in the range of $0.35-$0.40. For fiscal 2013, the Company expects total sales to be in the range of $720-$735 million and comparable store sales to decline in the range of 3.5% to 2% adjusted for days. Based on these assumptions, it estimates fiscal 2013 EPS of $1.36 to $1.50. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.44 on revenue of $729 million for fiscal 2013; EPS of $0.37 for the third quarter of 2013. Full Article
Monro Muffler Brake Inc Lowers FY 2013 EPS, Comp Sales Outlook; Revises FY 2013 Revenue Outlook; Comments On Q3 2013 Comp Sales Outlook; Issues Q3 2013 EPS Outlook Below Estimates-Conference Call
Monro Muffler Brake Inc announced that for the third quarter of 2013, it expects comparable store sales to be in the range of down 3% to flat, earnings per share (EPS) to be in the range of $0.35-$0.40, which included a $0.03 gain from the sale of seven stores last year. For fiscal 2013, taking into account sales contributions from three first-half acquisitions, the acquisition it has completed in October and the recently executed agreements to acquire additional stores this quarter, the Company now expects total sales to be in the range of $720-$735 million and comparable store sales to decline in the range of 3.5% to 2% adjusted for days. Based on these assumptions, it now estimates fiscal 2013 EPS of $1.36 to $1.50, excluding the estimated $0.07 benefit from the 53rd week and the $0.03 in due diligence charges related to the Midas deal. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.55 on revenue of $737 million for fiscal 2013; EPS of $0.45 for the third quarter of 2013. Full Article
Monro Muffler Brake, Inc. Announces Management Change-Form 8-K
Monro Muffler Brake, Inc. reported in its Form 8-K that on July 26, 2012, the Company announced that John Van Heel will be appointed Chief Executive Officer (CEO) of the Company, effective October 1, 2012. Mr. Van Heel currently serves as the Company’s President, a position he has held since March 2008. The Company also announced that, effective October 1, 2012, Robert G. Gross, the Company’s current Chairman of the Board and Chief Executive Officer, will be appointed Executive Chairman of the Board and will continue to serve the Company on a half-time basis with a focus on strategy, acquisitions and investor relations. Full Article
Monro Muffler Brake, Inc. Lowers FY 2013 Guidance; Lowers FY 2013 Comparable Store Sales Guidance; Issues Q2 2013 Guidance; Comments On Q2 2013 Comparable Store Sales Guidance
Monro Muffler Brake, Inc. announced that based on current visibility, business and economic trends, the recent and pending acquisitions, as well as fiscal 2013 being a 52-week year compared to a 53-week year in fiscal 2012, the Company now anticipates comparable store sales growth, adjusted for days, to be in the range of -2% to 0% and is decreasing its estimated diluted earnings per share (EPS) to a range of $1.50 to $1.65, from the prior range of $1.65 to $1.85. The Company now expects sales for fiscal 2013 to be in the range of $715 to $735 million. For the second quarter of 2013, the Company anticipates a comparable store sales decrease in the range of 3% to 6%. The Company expects diluted earnings per share for the second quarter to be between $.35 and $.40, as compared to $.47 for the second quarter of fiscal 2012. Full Article
Monro Muffler Brake, Inc. Issues Q1, FY 2013 Guidance
Monro Muffler Brake, Inc. announced that for fiscal 2012, it anticipates sales to be between $750 and $775 million, adjusted for days, comparable store sales increases to be in the range of 0% to 3% and diluted earnings per share (EPS) to be in the range of $1.65 to $1.85. For the first quarter of 2013, the Company anticipates comparable store sales decreases to be in the range of 5% to 7%, diluted EPS to be between $.35 and $.40. Full Article
Monro Muffler Brake, Inc. Declares Dividend
Monro Muffler Brake, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on the Company's outstanding shares of common stock including the shares of common stock to which the holders of the Company's Class C Convertible Preferred Stock are entitled. The dividend is payable on March 22, 2012 to shareholders of record at the close of business on March 12, 2012. Full Article
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