What analyst predict for Monro NASDAQ:MNRO ?
Monro NASDAQ:MNRO headquartered in Rochester, New York, United States is reporting their earnings on 05/21/2018 before the bell. Street forecast for the quarter ending March 2018 is $0.49.
According to stock market daily analyst this is Lower then same time previous year. Monro, reported EPS for the same quarter last year was $0.29.
Overview of Monro NASDAQ:MNRO
Headquartered in Rochester, New York, Monro serves all of the Eastern United States, with a footprint that extends from Maine to South Carolina and from the Mid-Atlantic to Missouri.
Monro offers complete auto care at a significant savings compared to dealers and local repair shops. In fact, Monro stands behind a lowest price guarantee for all scheduled maintenance, repairs, and tires. Core product and service offerings include oil changes, brakes, shocks and struts, mufflers and wheel alignments. Tire sales is an increasingly important share of Monro’s business and most of the company’s stores now carry an extensive inventory of tires to meet customer demand.
Monro has been a pioneer in the auto service industry since company founder, Charles J. “Chuck” August, opened his first muffler shop in Rochester in 1957. The facility was one of the first Midas Muffler franchises, but August soon chafed at the company’s mufflers-only business model. He understood that service sells.
In 1966, August ended his affiliation with Midas so that he could offer an expanded menu of undercar repair and maintenance services. He launched a new company with his brother Burton S. August and Sheldon Lane named “Monro Muffler Brake” after Monroe County, New York.” As the company added products and services, its name changed to Monro Muffler Brake and later Monro Muffler Brake & Service.
By 1977, Monro managed 20 stores and began to make a number of acquisitions. An investor group led by Peter J. Solomon and Donald Glickman purchased a controlling interest in the company in 1984. At that time, Monro operated 59 stores, primarily in upstate New York. In 1991, the company went public and its stock began trading on NASDAQ under the stock symbol MNRO. With capitalization, the company was able to build more stores and to acquire promising local and regional auto service chains in adjoining states.
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