Monro Muffler (MNRO) Misses Q1 EPS by 1c

Monro Muffler (NASDAQ: MNRO) reported Q1 EPS of $0.53, $0.01 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $278.5 million versus the consensus estimate of $270.35 million.

John Van Heel, President and Chief Executive Officer stated, “We are pleased to report that the outperformance of our recent acquisitions and positive comparable store sales in the first quarter, combined with our continued focus on margin improvement, enabled us to deliver earnings per share at the high end of our guidance range, when adjusting for management transition costs. These positive trends have continued into July with an increase in comparable store sales of approximately 1.5% quarter-to-date and higher margins in both our tire and service categories.”

GUIDANCE:

Monro Muffler sees FY2018 EPS of $2.05-$2.20, versus the consensus of $2.18.

For earnings history and earnings-related data on Monro Muffler (MNRO) click here.

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