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MONRO MUFFLER BRAKE, INC. REPORTS FIRST QUARTER SALES UP 11.4 PERCENT AND NET INCOME UP 9.4 PERCENT

 MONRO MUFFLER BRAKE, INC. REPORTS FIRST QUARTER SALES UP
 11.4 PERCENT AND NET INCOME UP 9.4 PERCENT
 ROCHESTER, N.Y., July 28 /PRNewswire/ -- Monro Muffler Brake, Inc. (NASDAQ: MNRO), which operates 167 undercar repair shops, today announced a 9.4 percent increase in net income and a 11.4 percent increase in sales for its first quarter ended June 30, 1992.
 Monro's fiscal 1993 first quarter net income was $2,121,000, or $.31 per share, up from $1,939,000, or $.29 per share, in the first quarter of fiscal 1992.
 Net sales were $21,528,000 this quarter compared with $19,327,000 in the quarter ended June 30, 1991. The sales increase was due to a comparable shop sales increase of 3.7 percent and an increase in sales of approximately $1,500,000 for shops opened since the beginning of fiscal 1992.
 Sales at shops in the Pittsburgh market have been adversely affected by local conditions including a newspaper strike which began in May of 1992. This was partially offset by sales at the 18 new stores opened in fiscal 1992 which have been stronger than planned.
 The company plans to open 24 shops in fiscal 1993 (of which six were opened during the quarter).
 Monro operates a chain of shops providing automotive undercar repair services in the United States. The c Monro's shops provide a full range of services for mufflers and exhaust systems, brakes, steering, suspension and wheel alignment.
 MONRO MUFFLER BRAKE, INC.
 Financial Highlights
 (Unaudited -- Dollars in thousands, except per share amounts)
 Quarter Ended June 30 1992 1991 Percent Change
 Sales $21,528 $19,327 11.4
 Cost of sales, including
 distribution & occupancy costs 11,075 9,981 11.0
 Gross profit 10,453 9,346 11.8
 Operating, selling, general
 and administrative expenses 6,357 5,483 15.9
 Operating income 4,096 3,863 6.0
 Interest expense - net 509 552 (7.8)
 Inc. bef. provision for inc. taxes 3,565 3,338 6.8
 Provision for income taxes 1,444 1,399 3.2
 Net income 2,121 1,939 9.4
 Earnings per share $.31 $.29 6.9
 Weighted avg. no. of shares of
 com. stock (including common
 stock equivalents) (000) 6,928 6,588
 Number of shops open (at end
 of quarter) 167 147
 -0- 7/28/92
 /CONTACT: Jack M. Gallagher, president and CEO or Jarret J. Lobb, senior vice president, finance and CFO of Monro Muffler Brake, 716-427-2280; or Laurie N. Terry of Howard J. Rubenstein Associates, 212-489-6900, for Monro Muffler Brake/
 (MNRO) CO: Monro Muffler Brake Inc. ST: New York IN: AUT SU: ERN


LR-PS -- NY004 -- 3886 07/28/92 09:12 EDT
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Date:Jul 28, 1992
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