Monro’s stock price tumbled more than 6% yesterday after the company said they expect to earn somewhere between $1.54 to $1.56 in earnings per share in fiscal 2007 versus the $1.66 to $1.69 they thought they would earn for the fiscal year just a couple months ago. 

Let me explain this a little further.  This means after Monro has paid for the parts, labor, any marketing (selling,) general overhead expenses, and even interest on outstanding loans and taxes to Uncle Sam, the company now expects to earn about $23.5 million in fiscal 2007, whereas a couple months ago they thought the figure would be closer to $25.5 million.  On a per store basis (with the company having ~700 stores,) this works ...

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