Monro Muffler Brake, Inc. (MNRO) Reports Record First Quarter Earnings
Monro Muffler Brake, Inc. (NASDAQ: MNRO), the operator of a chain of automotive under-car repair and tire service stores in the United States under the brand names Monro Muffler Brake and Service, Mr. Tire, and Tread Quarters Discount Tires, recently announced record financial results for its fiscal 2009 first quarter, which ended June 28, 2008. Sales for the first quarter posted an 11.8 percent year-over-year increase to a record $120.4 million, compared to $107.6 million for the first quarter of fiscal 2008. The company’s gross margin totaled 42.3 percent in the first quarter compared to 43.4 percent in the previous…