Monro Muffler Brake, Inc. expects a range of $.41 to $.43 diluted earnings per share for its second quarter 2008. The Company’s pervious expected range is $.53 to $.56 per diluted share as stated in its first quarter earnings release. This also compares to the earnings of $.37 per diluted share for the comparable prior year period, which included an after-tax impairment charge of $.11 related to the Company’s Strauss Discount Auto equity investment. The revised range includes the effects of the recently announced Craven and Valley Forge acquisitions, which are performing in line with expectations.

The challenging business situations brought impacts in the entire chain, including the ProCare business. As a result, the Company’s updated earnings estimation includes the expectation that the ProCare business will manage for the second quarter versus a previously expected contribution of $.03 per share.

“Our business has been pressured by challenges in the macro economic environment and weakening consumer confidence. As is sometimes the case with our business, challenging conditions cause our loyal consumers to temporarily delay big ticket purchases until they feel more confident in the economy. While we are disappointed with our performance in the second quarter, we remain confident in the long-term strength of our businesses model and our strong position in the market. We are pleased with the on-track performance of the recently acquired Craven and Valley Forge businesses, and going forward we will continue to seek growth through reasonably priced acquisitions especially as tough economic conditions create additional opportunities,” said Robert G. Gross, President and Chief Executive Officer.

Monro Muffler Brake, Inc., a leading provider of automotive undercar repair and tire services, plans to release its second quarter 2008 results and revised fiscal year 2008 guidance on October 23, 2007.

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