Monro Financials

Monro Muffler Brake, Inc. (which has added the term “& Service” to many of its stores reflecting a greater emphasis on routine maintenance) recently released its financial results for the fourth quarter of its fiscal year. Overall sales were down for the quarter ($107.2 million compared with $107.7 million), though the company blamed that primarily on the calendar causing one less selling week in 2008 versus 2007.

The company reported that comparable store sales increased 7 percent for brakes and 1 percent for maintenance. Overall, comparable store sales decreased 5.3 percent, due mainly to declines in exhaust work and alignments.
Net sales for the fiscal year increased 5.3 percent to $439.4 million. Gross margin was flat, at 39.7 percent compared with 39.9 percent for the previous year. Net income was $21.9 million.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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