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MONRO MUFFLER BRAKE, INC. REPORTS SECOND QUARTER SALES UP 12.4 PERCENT AND NET INCOME UP 15.0 PERCENT

 MONRO MUFFLER BRAKE, INC. REPORTS SECOND QUARTER SALES
 UP 12.4 PERCENT AND NET INCOME UP 15.0 PERCENT
 ROCHESTER, N.Y., Oct. 26 /PRNewswire/ -- Monro Muffler Brake, Inc. (NASDAQ: MNRO), which operates 172 undercar repair shops, today announced a 15.0 percent increase in net income and a 12.4 percent increase in sales for its second quarter ended Sept. 30, 1992.
 Monro's fiscal 1993 second quarter net income was $2,156,000 or $.31 per share, up from $1,875,000, or $.28 per share, in the second quarter of fiscal 1992.
 Net sales were $21,608,000 this quarter compared with $19,221,000 in the quarter ended Sept. 30, 1991. The sales increase was due to a comparable shop sales increase of 3.8 percent and an increase in sales of approximately $1,700,000 for shops opened since the beginning of fiscal 1992.
 Sales for the first half of this year were $43,136,000, an increase of $4,588,000, or 11.9 percent over the first half of last year. Net income was $4,277,000 up 12.1 percent over last year. Earnings per share for the first half were $.62 up from $.57 last year.
 The company plans to open 24 shops in fiscal 1993 (of which 11 were opened during the first six months).
 Monro operates a chain of shops providing automotive undercar repair services in the United States. The company currently operates 172 shops in New York, Pennsylvania, Ohio, Connecticut, Massachusetts, West Virginia, Virginia and Maryland. 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
 (Dollars in thousands, except per share amounts - Unaudited)
 Quarter ended Sept. 30 1992 1991 Pct. Change
 Sales $21,608 $19,221 12.4
 Cost of sales, including
 distribution & occupancy costs 11,408 10,106 12.9
 Gross profit 10,200 9,115 11.9
 Operating, selling, general
 and administrative expenses 6,045 5,294 14.2
 Operating income 4,155 3,821 8.7
 Interest expense - net 499 571 (12.6)
 Income before provision for
 income taxes 3,623 3,226 12.3
 Provision for income taxes 1,467 1,351 8.6
 Net income 2,156 1,875 15.0
 Earnings per share .31 .28 --
 Weighted average number of
 shares of common stock
 (including common stock
 equivalents) 6,926 6,800 --
 Number of shops open
 (at end of quarter) 172 152 --
 Six Months ended Sept. 30 1992 1991 Pct. Change
 Sales $43,136 $38,548 11.9
 Cost of sales, including
 distribution & occupancy costs 22,483 20,087 11.9
 Gross profit 20,653 18,461 11.9
 Operating, selling, general
 and administrative expenses 12,402 10,777 15.1
 Operating income 8,251 7,684 7.4
 Interest expense - net 1,008 1,123 (10.2)
 Income before provision for
 income taxes 7,188 6,564 9.5
 Provision for income taxes 2,911 2,750 5.9
 Net income 4,277 3,814 12.1
 Earnings per share .62 .57 --
 Weighted average number of
 shares of common stock
 (including common stock
 equivalents) 6,926 6,692 --
 Number of shops open
 (at end of quarter) 172 152 --
 -0- 10/26/92
 /CONTACT: Jack M. Gallagher, president and CEO, or Jarret J. Lobb, senior vice president-finance and CFO of Monro Muffler Brake, Inc., 716-427-2280, or Laurie Terry of Howard J. Rubenstein Associates, Inc., 212-489-6900, for Monro Muffler Brake, Inc./
 (MNRO) CO: Monro Muffler Brake, Inc. ST: New York IN: AUT SU: ERN


SM-OS -- NY035 -- 4691 10/26/92 10:49 EST
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Date:Oct 26, 1992
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