ROCHESTER, N.Y. (Oct. 22, 2015) — Monro Muffler Brake Inc. reported double-digit increases in operating and net income for the quarter ended Sept. 26 on 8.1-percent higher sales of $239.2 million.
Operating income increased 17.9 percent to $34.1 million, raising the operating margin more than a full point to 14.3 percent. Net income jumped 15.6 percent to $18.9 million.
“We are encouraged by the improvement in our traffic and comparable store sales,” Monro President and CEO John Van Heel said, “which combined with the successful integration of our recent acquisitions, has helped us deliver significant operating margin expansion in the first six months of the fiscal year.
“As we move forward, we will continue to actively manage our business through this choppy environment to drive strong bottom-line results. Looking ahead, we remain very encouraged by the opportunities we see to complete additional attractive acquisitions in the second half of fiscal 2016.”