Monro expects to see 7% increase in 2Q
Monro Muffler Brake Inc. expects to see a comparable store sales increase of 7% during the second quarter of its 2010 fiscal year. The increase will be at the high end of Monro's previously anticipated range.
"We are pleased with our continuing momentum and performance," says Monro Chairman and CEO Rob Gross. "We are encouraged by these strong sales trends, which indicate that consumers continue to return to Monro."
Gross adds that Monro looks forward to integrating the recently acquired Tire Warehouse Central Inc. and Midwest Tire chains "into our low-cost business model and are eager to capitalize on the economies of scale that we expect to gain from the higher volume of tire unit sales."
Monro announced its acquisitions of the two dealerships late last month.