Monro Will Report Results on Jan. 26
Monro Muffler Brake Inc. will release fiscal 2016 third quarter earnings on Jan. 26, 2016. The company will host a conference call and audio webcast that day at 11:00 a.m. Eastern Time.
The conference call may be accessed by dialing 1-888-395-3227 and using the required pass code 8480328.
A replay will be available approximately one hour after the recording through Tuesday, Feb. 9, 2016, and can be accessed by dialing 1-877-870-5176.
The live conference call and replay can also be accessed via audio webcast at the Investor Information section of the company’s website at www.monro.com. An archive will be available at this website through Feb. 9, 2016.
The company revised its third quarter projections downward in a Securities and Exchange Commission filing on Jan. 11. For details read “Monro Blames Weather for Lower Sales.”
Monro posted net income of $18.9 million on net sales of $239.2 million for the quarter ending Sept. 26, 2015. The second quarter fiscal 2016 results are records for Monro. The company said the total sales increase for the second quarter of $17.9 million was due primarily to an increase in sales from new stores of $18.5 million, including sales from recently acquired stores of $ 17.5 million.
John Van Heel, CEO and president of Monro, said the company expected to complete additional acquisitions in the second half of the year. For details on the Monro’s second quarter financials, see “Surprise! No New Acquisitions by Monro.”