Monro Muffler Brake Earnings: Everything You Must Know Now
Monro Muffler Brake Inc. (NASDAQ:MNRO) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Monro Muffler Brake Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 30.56% to $0.25 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 14.06% to $195.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Monro Muffler Brake Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company met the mean analyst estimate of $0.25. It beat the average revenue estimate of $189.92 million.
Quoting Management: John Van Heel, President and Chief Executive Officer stated, “Our fourth quarter performance reflects the continued impact of the challenging economic environment that has been weighing on our customers. Given the environment, our customers continued to defer purchases and trade down from higher cost automotive maintenance and repair purchases. Additionally weather conditions remained less than ideal for our business, which impacted our comparable store sales results, particularly in January. Notably, however, with the return to more normalized weather after January, we saw an improvement in comparable store sales trends, and trends to-date in the first quarter of 2014 have shown further improvement into positive territory. Our ability to leverage our strong business model, regardless of the economic or operating environment and to take advantage of increased acquisition opportunities, is demonstrated by the record of eight acquisitions for 139 stores that we completed in fiscal 2013. These acquisitions enabled us to deliver healthy growth in overall sales for the fourth quarter despite the decline in comparable store sales, while helping us increase our market share and achieve greater economies of scale.”
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