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Record Profits & Sales For Monro Muffler, But Projections Scaled Back

Rochester based Monroe Muffler Brake says it saw record profits and sales in its first quarter, although the numbers did come in a bit below Wall Street expectations.

The company saw net profits rise nearly 25 percent to  nearly $17 million. Revenues increased 5.5 percent to just over $217 million.

Monro Muffler also announced that it will acquire 35 tire stores in Florida, which is a new state for the Rochester company to be operating in.

Monroe Muffler did scale back its expectations somewhat for its 2015 fiscal year as a whole. Company CEO John Van Heel says that their long term outlook remains positive, but he says in the short term, the economic environment is weighing on consumers’ purchasing behavior.

Randy Gorbman is WXXI's director of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.