ROCHESTER, N.Y. -- Monro Muffler Brake has narrowed its second quarter fiscal 2011 financial guidance to the high end of its previously expected range.

For the second quarter of fiscal 2011, the company now anticipates comparable store sales growth in the range of 6 percent to 6.5 percent, which is at the high end of the company's previously anticipated range of 4.5 percent to 6.5 percent. The company also now expects diluted earnings per share for the second quarter of fiscal 2011 to be in the range of 60 cents to 62 cents, which is also at the high end of the company's previously anticipated range of 58 cents to 62 cents. This estimate compares to 49 cents in the prior year quarter and is based on 21.1 million weighted average shares outstanding.

Robert Gross, chairman and CEO, commented, "We are pleased with our continuing momentum in the second quarter of fiscal 2011. We remain encouraged by the industry trends that are benefiting our business as consumers continue to invest in maintaining older vehicles. Our ongoing strong sales trends and anticipated significant year-over-year earnings growth indicates to us that consumers are continuing to turn to Monro as their trusted provider for tires and auto repair services."

Monro said the data provided for the second quarter is based on preliminary unaudited internal results and is subject to change as the company completes the preparation of full consolidated financial statements for the period. The company plans to release its second quarter fiscal 2011 results on Oct. 21.

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