Key Developments For Monro Muffler Brake Inc
Monro Muffler Brake Inc (MNRO.O) (Nasdaq)
Monro Muffler Brake, Inc. Issues Q3 2010 EPS Guidance In Line With Analysts' Estimates; Comments On Q3 2010 Comparable Store Sales Outlook; Raises FY 2010 Guidance And Comparable Store Sales Outlook
Monro Muffler Brake, Inc. announced that for the third quarter of 2010, it expects comparable store sales growth in the range of 6% to 8% and diluted earnings per share (EPS) of $0.32 to $0.35. For fiscal 2010, the Company now anticipates comparable store sales growth in the range of 6% to 7% compared with its previously estimated range of 4% to 7%, sales in the range of $553 to $563 million compared with its previously estimated range of $515 to $530 million and EPS to $1.44 to $1.48 from its previously estimated range of $1.35 to $1.45. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.33 for the third quarter of 2010; EPS of $1.46 on revenue of $538 million for fiscal 2010.
Monro Muffler Brake, Inc. Completes Acquisition Of Tire Warehouse Central
Monro Muffler Brake, Inc. announced that it has completed the acquisition of Tire Warehouse Central, a privately owned tire store chain serving five New England states (Tire Warehouse).
Monro Muffler Brake, Inc. Announces Two Acquisitions-DJ
Dow Jones reported that Monro Muffler Brake, Inc. has acquired the assets of two tire store chains as the Company continues its strategy to expand its market share in five states. The Company has agreed to buy the 46 store Tire Warehouse Central chain in New England for $34 million. Monro Muffler Brake, Inc. has bought Midwest Tire & Auto Repair for $2 million.
Monro Muffler Brake, Inc. Sees Q2 2010 EPS And Comparable Store Sales Outlook At High End Of Prior Range
Monro Muffler Brake, Inc. announced that for the second quarter of 2010, the Company expects a comparable store sales increase of approximately 7.0%, which is at the high-end of the Company's previously anticipated range. The Company now expects diluted earnings per share (EPS) for the second quarter of 2010 to be in the range of $0.47 to $0.48, narrowed to the high-end of its previously expected range of $0.43 to $0.48. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.47 for the same period.
Monro Muffler Brake, Inc. Declares Quarterly Cash Dividend
Monro Muffler Brake, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $.07 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 September 21, 2009 to shareholders of record at the close of business on September 11, 2009.
