Monro: Fiscal 1Q Earnings Snapshot
ROCHESTER, N.Y. (AP) _ Monro Muffler Brake Inc. (MNRO) on Thursday reported fiscal first-quarter profit of $22.6 million.
The Rochester, New York-based company said it had profit of 67 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 68 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The automotive repair chain posted revenue of $317.1 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $318.6 million.
Monro expects full-year earnings to be $2.55 to $2.75 per share.
Monro shares have risen 20% since the beginning of the year. The stock has climbed 23% in the last 12 months.