MONRO MUFFLER BRAKE, INC. (NASDAQ:MNRO) Files An 8-K Results of Operations and Financial Condition
Item2.02
| Results of Operations and Financial Condition |
On May18, 2017, Monro Muffler Brake, Inc. (the Company) issued a
press release announcing its operating results for the fourth
quarter and year-ended March25, 2017, as well as first quarter
and fiscal 2018 estimated comparable store sales and diluted
earnings per share. A copy of the press release is furnished
herewith as Exhibit 99.1.
| Item8.01 | Other Events |
The Company announced that its Board of Directors initiated an
increased cash dividend for fiscal 2018 of $.72 and declared a
cash dividend for the first quarter of fiscal 2018 of $.18 per
share on the Companys outstanding shares of common stock. Further
details are contained in the press release furnished as Exhibit
99.1.
The Company also confirmed that, in March 2017, it completed the
acquisition of 16 stores from a Car-X franchisee, including 13
locations in Illinois and three in Iowa. Further details are
contained in the press release furnished as Exhibit 99.1.
The Company will hold its 2017 Annual Meeting of Shareholders on
Tuesday, August15, 2017 at 9:00 a.m. at the Hyatt Regency in
Rochester, New York. The record date for the Annual Meeting is
June26, 2017.
| Item9.01 | Financial Statements and Exhibits |
| (a) | Not applicable. | |
| (b) | Not applicable. | |
| (c) |
The following is a list of exhibits furnished with this Current Report on Form 8-K: |
|
Exhibit No. |
Description |
|
| 99.1 | Press release, dated May18, 2017. |
About MONRO MUFFLER BRAKE, INC. (NASDAQ:MNRO)
Monro Muffler Brake, Inc. is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It also offers tires and routine maintenance services, which include state inspections. It offers repair and replacement of parts. Its store provides a range of undercar repair services for brakes, steering, mufflers and exhaust systems, suspension and wheel alignment, as well as tire replacement and service. It also offers scheduled maintenance services in its stores where services are packaged and offered to consumers based upon the year, make, model and mileage of each specific vehicle. Its maintenance services include oil change services, heating and cooling system flush and fill service, belt installation, fuel system service and a transmission flush and fill service. MONRO MUFFLER BRAKE, INC. (NASDAQ:MNRO) Recent Trading Information
MONRO MUFFLER BRAKE, INC. (NASDAQ:MNRO) closed its last trading session up +1.70 at 51.70 with 386,097 shares trading hands.
