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
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