Net income for the second quarter increased 33.2% to a record $13.3 million from $10.0 million in the prior year period. Diluted earnings per share for the quarter increased 28.6% to $.63, as compared to diluted earnings per share of $.49 in the second quarter of fiscal 2010, and exceeded the Company's estimated range of $.60 to $.62. Net income for the second quarter reflects an effective tax rate of 38.2% compared with 38.1% for the prior year period.The Company closed two locations during the quarter, ending the second quarter with 783 stores.
Monro Muffler Brake, Inc. Announces Record Second Quarter Fiscal 2011 Financial Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.