Monro, Inc. Announces First Quarter Fiscal 2020 Financial Results
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Monro Muffler (MNRO) Tops Q1 EPS by 1c, Revenues Miss, Comp. Sales Up 0.8%; Maintains FY20 EPS Guidance, Lowers FY20 Revenue Outlook
July 25, 2019 7:38 AM EDTMonro Muffler (NASDAQ: MNRO) reported Q1 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $317.1 million versus the consensus estimate of $320.6 million.
Delivers Sixth Consecutive Quarter of Comparable Store Sales GrowthFirst Quarter Sales Increase 7.2% to a Record $317.1 MillionFirst Quarter Diluted EPS Increases 8.1% to a Record $.67, including $.01 of Incremental Costs Related to Increased Acquisition ActivityCompletes Acquisition of Two Additional Stores in California and Signs Definitive Agreements to Acquire Eight Stores in Louisiana, Bringing Expected Annualized Sales from Fiscal 2020 Acquisitions to $75 MillionUpdates Fiscal 2020 Comparable... More