Midas Reports First Quarter Results
Total sales and revenues for the quarter were $47.7 million, compared to $44.3 million in the first quarter last year.
OPINION: Rotors, Resurfacing and the Law: How the Glad/Midas Lawsuit Will Change How You Sell Brakes
In my opinion, this lawsuit has been a black eye for all shops. The true victims in this case are not the consumers, but the honest independent shops and Midas franchisees who now have to face an even more skeptical public.
Midas Reports Fourth Quarter and Full Year 2009 Results
Company says fourth quarter traffic was up 20 percent.
Midas Acquires 22 Northern California Midas Shops from Franchisee
Midas acquired these shops in connection with a settlement between franchisee Maurice Glad and the California Attorney General and Bureau of Automotive Repair. Glad had been charged with violating state business and professional codes in a suit seeking $222 million in civil penalties and costs.
Midas Raises Ownership Limit for Certain Long-Term Shareholders
The rights agreement, adopted on Dec. 7, 2007, effectively restricts a shareholder from acquiring 20 percent or more of the outstanding shares.
Midas Extends Credit Facility by Three Years
The existing five-year credit agreement, which was due to expire in 2010, has been extended to October 2013, with no material changes in existing covenants.
Midas Reports Third Quarter Earnings of 10 Cents Per Diluted Share
Company reports 18 percent increase in traffic at U.S. Midas Shops, offset by decline in average ticket.
Eleven Midas Shops in San Diego Area Add SpeeDee Oil Change Services
Midas invested more than $1 million in shop upgrades and renovations and hired nearly 50 new service employees as part of this co-branding project.
Midas Reports Second Quarter Earnings
SpeeDee co-brand test shops post 17 percent sales increase.
Midas Reaches Out to Displaced Service Customers, Dealers and Employees of Closing Auto Dealerships
Midas is also developing various consumer programs, such as direct mail offers to customers of closing dealerships, focusing on Midas’ more than 50 years’ experience in providing the maintenance and repair services their vehicles require to continue operating safely and reliably.