Retail

Monro achieves sales, income growth in first quarter

Order Reprints

Monro Muffler Brake Inc.'s sales for the first quarter of its fiscal 2008 year totaled $107.6 million, a record for the company and a 9.3% increase over the same period last year.

Monro also says its comparable store sales rose 6.2%, "largely the result of increased sales in the tires, brakes and alignments categories, which increased by approximately 10%, 5% and 26%, respectively."

Monro's net income for the first quarter increased to a record $8.2 million versus $7.6 million during the prior year first quarter.

"We believe we are continuing to gain market share," says Monro CEO and President Robert Gross.

"We are pleased with our top-line performance for the quarter, which maintained the strong trends we experienced in the second half of last year."

Related Articles

Cooper sees record sales, income growth in first quarter

Monro achieves record sales, income

Nokian achieves sales growth in first half

You must login or register in order to post a comment.