(MNRO) Monro Muffler Brake, Inc. – Momentum – Zacks Rank Buy

July 7th, 2009

Monro Muffler Brake, Inc. (MNRO) reported great fourth-quarter and full-year results on May 28 that demonstrate how the company has benefited from consumers upgrading older cars instead of buying new.

Fourth-Quarter Results

Sales for the quarter were up 9% from last year to $117.1 million. Income came in at $3 million, up from $1.9 million last year, producing earnings of 15 cents per share, in line with the consensus.

Full-Year Results

Full-year income was up to $24.1 million from $21.9 million last year, with earnings up to a $1.20 per share, from $1.00. Revenue increased to $476.1 million from $439.4 million.

Aquisition Announced

While reporting its quarterly results, Monro also announced that it had agreed to purchase 26 Autotire Car Care centers from Am-Pac Distributors for $10 million.

Monro also reaffirmed its full-year earnings guidance, saying it expects to earn between $1.30 and $1.45 in 2010.

The Chart

Shares of MNRO have began trending higher in late November of last year, but have recently been mostly range bound. Take a look below.


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Monro Muffler Brake, Inc. (MNRO): Zacks Rank Buy (Penny Stock DD, 3/14/11)
Read more on Monro Muffler Brake at Wikinvest

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