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

Monro Stores Are Climbing Back After 41% Drop in April

Monro Will Report Earnings on July 29

What’s Next For GB Auto Service? CEO Discusses Growth Plans

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