More on Monro Muffler's (MNRO) FQ4: It looks like Northcoast Research was a bit too optimistic...

|About: Monro Muffler Brake, Inc. (MNRO)|By:, SA News Editor

More on Monro Muffler's (MNRO) FQ4: It looks like Northcoast Research was a bit too optimistic in its EPS call for MNRO, as earnings are in-line with Street expectations (which, at $0.25, were still at the high end of guidance). Nonetheless, revenue beat expectations, rising 14.1% Y/Y and comps growth wasn't as negative as the company originally forecast, coming in at -5.6% (adjusted) versus estimates of between -9% and -6%. Gross margins shrunk 270bps, and operating income fell 11.4%. Outlook: FY14 sales of $840-865, EPS of $1.65-1.80 versus consensus of $865.39 and EPS of $1.78. (PR)