Monro Muffler (NASDAQ: MNRO) reported Q3 EPS of $0.35, may not compare to the analyst estimate of $0.48. Revenue for the quarter came in at $285.7 million versus the consensus estimate of $293.02 million.

• Third Quarter Diluted EPS of $.35, Including $.15 of One-Time Costs

Based on current sales, business and economic trends, and recently announced and completed acquisitions, the Company now anticipates fiscal 2018 sales to be in the range of $1.120 billion to $1.135 billion, an increase of 10% to 11% as compared to fiscal 2017 sales. Fiscal 2018 sales guidance assumes a comparable store sales decrease of .5% to an increase of .5% on a 52-week basis (an increase of 1.5% to 2.5% including an extra week in the fourth quarter). This compares to the previous sales guidance range of $1.115 billion to $1.145 billion, which assumed a comparable store sales decrease of 1.0% to an increase of 1.0% on a 52-week basis.

The Company also updated its fiscal 2018 diluted earnings per share guidance to a range of $1.88 to $1.93, to reflect the revised comparable store sales guidance, as well as $.04 in third quarter litigation settlement costs, $.10 in third quarter incremental net tax expense and an expected $.02 in net tax benefit in the fourth quarter from the newly enacted tax legislation. This compares to previous guidance of $1.95 to $2.10. Fiscal 2018 diluted earnings per share guidance continues to assume $.05 in management transition costs and $.10 of contribution from the 53rd week, and now includes $.16 to $.18 in accretion from recent acquisitions, compared to previous guidance of $.15 to $.19. The earnings per share guidance is based on 33.4 million diluted weighted average shares outstanding and compares to $1.85 in fiscal 2017.

(Street sees FY18 EPS of $2.02 and $1.14 billion)

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