Exhibit 99.1
| CONTACT: | John Van Heel | |
| Chief Executive Officer | ||
| (585) 647-6400 | ||
| Robert Gross | ||
| Executive Chairman | ||
| (585) 647-6400 | ||
| Catherine D’Amico | ||
| Executive Vice President – Finance | ||
| Chief Financial Officer | ||
| (585) 647-6400 | ||
| Investors: Effie Veres | ||
| Media: Kelly Whitten | ||
| FTI Consulting | ||
| (212) 850-5600 |
FOR IMMEDIATE RELEASE
MONRO MUFFLER BRAKE, INC. DECLARES QUARTERLY CASH DIVIDEND
ROCHESTER, N.Y. – August 10, 2016 –Monro Muffler Brake, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.17 per share on the Company’s outstanding shares of common stock, including the shares of common stock to which the holders of the Company’s Class C Convertible Preferred Stock are entitled. The dividend is payable on September 1, 2016 to shareholders of record at the close of business on August 22, 2016.
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, Tire Warehouse, Tire Barn, Ken Towery’s Tire and Auto Care, The Tire Choice and Car-X. The Company currently operates 1,070 Company stores in 26 states and is the franchisor of 132 Car-X stores in ten states. Monro’s stores provide a full range of services for brake systems, steering and suspension systems, tires, exhaust systems and many vehicle maintenance services.
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