ROCHESTER, N.Y., Oct. 13, 2009 (GLOBE NEWSWIRE) -- Monro Muffler Brake, Inc. (Nasdaq:MNRO), a leading provider of automotive undercar repair and tire services, today announced that it has completed the acquisition of Tire Warehouse Central, a privately-owned tire store chain serving five New England states ("Tire Warehouse") as expected. As previously disclosed, management expects the Tire Warehouse business to be slightly accretive in the first twelve months following the acquisition and $.06 to $.08 accretive in the second twelve months of Monro ownership.
Separately, the Company announced that it will release fiscal 2010 second quarter earnings on October 26, 2009. The Company will host a conference call and audio webcast on Monday, October 26, 2009 at 11:00 a.m. Eastern Time.
The conference call may be accessed by dialing 800-839-7875 and using the required pass code 1491478. A replay will be available approximately one hour after the recording through Monday, November 2, 2009 and can be accessed by dialing 888-203-1112. The live conference call and replay can also be accessed via audio webcast at the Investor Info section of the Company's website, located at www.monro.com. An archive will be available at this website through November 2, 2009.
Additionally, the Company today announced its participation in the 2009 Wells Fargo Consumer Growth Conference. The Company's presentation is scheduled for Wednesday, October 28, 2009 at 9:30 a.m. ET in New York City. A live webcast of the presentation will be available via the Investor Relations section of the Company's website (www.monro.com) and archived for two weeks.
About Monro Muffler Brake
Monro Muffler Brake operates a chain of stores providing automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, Mr. Tire, Tread Quarters Discount Tires, Autotire and Tire Warehouse. The Company currently operates 784 stores in New York, Pennsylvania, Ohio, Connecticut, Massachusetts, West Virginia, Virginia, Maryland, Vermont, New Hampshire, New Jersey, North Carolina, South Carolina, Indiana, Rhode Island, Delaware, Maine, Illinois and Missouri. Monro's stores provide a full range of services for brake systems, steering and suspension systems, tires, exhaust systems and many vehicle maintenance services.
The statements contained in this press release that are not historical facts may contain statements of future expectations and other forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed. These factors include, but are not necessarily limited to, product demand, dependence on and competition within the primary markets in which the Company's stores are located, the need for and costs associated with store renovations and other capital expenditures, the effect of economic conditions, the impact of competitive services and pricing, product development, parts supply restraints or difficulties, industry regulation, risks relating to leverage and debt service (including sensitivity to fluctuations in interest rates), continued availability of capital resources and financing, risks relating to integration of acquired businesses and other factors set forth elsewhere herein and in the Company's Securities and Exchange Commission filings, including the report on Form 10-K for the fiscal year ended March 28, 2009.