Monro Muffler Brake (MNRO/ranked #8) reported 1Q earnings (ending in June due to a March fiscal year end,) of $0.50, below the prior year period of $0.52, but above our estimate of $0.46, the street consensus of $0.47, and management recent guidance to come in at the high end of their previously provided range of $0.45 to $0.48 In the release management provided guidance for EPS of $0.48 to $0.52 in fiscal year (FY) 2Q, and for the full year (FY07,) management expects to earn $1.68 to $1.76 Management expects same-store sales to be between 0% to 2% in 2Q. The company’s CEO, Rob Gross said: "As anticipated, the first quarter proved to be challenging as macro economic factors continued to cause consumers ...

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Related Companies: Monro Muffler Brake