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May 22, 2014
07:32 EDTMNROMonro Muffler reports Q4 EPS 36c, consensus 35c
Reports Q4 revenue $203.2M, consensus $206.7M. The sales increase for Q4 was due primarily to an increase in sales from newly acquired stores, offset by a SSS decrease of 1.3%. SSS were relatively flat for the maintenance and exhaust categories, and decreased approximately 2% for tires, brakes and alignments, and 3% for front end/shocks.
News For MNRO From The Last 14 Days
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July 23, 2015
07:36 EDTMNROMonro Muffler agrees to acquire 31 store in NY, PA, MA
Monro Muffler Brake announced that it has signed definitive agreements to acquire 31 stores in New York, Pennsylvania, and Massachusetts. Twenty seven of these stores are located in central New York and Pennsylvania and will be rebranded as Mr. Tire stores, allowing the company to fill in existing markets where it currently operates Monro Brake & Tire locations. This acquisition, which is expected to be completed in mid-August, significantly increases Monro's market share in these markets, demonstrating the advantages of Monro's two-brand strategy. The remaining four stores are located in Massachusetts and will operate as Monro Brake & Tire locations. The company completed the acquisition of these stores in July. Combined, these 31 acquired stores are expected to add approximately $31M in annualized sales, representing a sales mix of 60% service and 40% tires. These acquisitions are expected to be slightly dilutive to earnings per share in Q2, but breakeven in fiscal 2016, as cost synergies are expected to be realized more quickly due primarily to the company's ability to leverage existing distribution in these markets. In April, Monro Muffler Brake completed the previously announced acquisition of the Car-X brand, a chain of 146 franchised locations operating in ten states, three of which are new states for Monro. As previously announced, the company expects Car-X to be slightly accretive to EPS in FY16.
07:35 EDTMNROMonro Muffler backs FY16 EPS view of $2.00-$2.20, consensus $2.17
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07:33 EDTMNROMonro Muffler sees Q2 EPS 54c-59c, consensus 57c
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07:32 EDTMNROMonro Muffler reports Q1 SSS down 0.4%
07:31 EDTMNROMonro Muffler reports Q1 EPS 57c, consensus 58c
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July 20, 2015
07:17 EDTMNROMonro Muffler should be bought on weakness, says Stifel
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