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Kimmel stores push Monro to record; sales, earnings up for 2nd qtr., 6 months.

Publication: Tire Business
Publication Date: 28-OCT-02
Format: Online - approximately 500 words
Delivery: Immediate Online Access
Full Article Title: Kimmel stores push Monro to record; sales, earnings up for 2nd qtr., 6 months.(Special Report: Kimmel Automotive Stores, Monro Muffler Brake Inc.)(Company Profile)

Article Excerpt
Byline: Bruce Davis

Monro Muffler Brake Inc. reported record sales and earnings for the second-quarter and six-month periods ended Sept. 28, on the strength of new business from the 34 Kimmel Automotive stores it acquired in April.

Monro, which operates 551 stores in 18 states, reported a 31.7-percent jump in net income for the quarter, to $4.9 million, on 12.4-percent better sales of $68 million.

Looking forward, Monro continues to evaluate potential acquisitions, according...

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