Monro Muffler Brake, Inc. to Present at Thomas Weisel Partners Consumer Conference; Company Provides Second Quarter Business Update

ROCHESTER, N.Y.--Sept. 24, 2004--Monro Muffler Brake, Inc. today announced that the Company will participate in the Thomas Weisel Partners Consumer Conference in New York.

The Company's presentation is scheduled for Monday, September 27, 2004 and will begin at 9:10 a.m. Eastern Time. The presentation will be webcast live and archived for 30 days. To access the presentation, log onto http://www.visualwebcaster.com/event.asp?id=24644.

The Company currently expects comparable stores sales growth for September to be in the mid single digit range and, for the second quarter of fiscal 2005, to be approximately flat. As such, the Company currently anticipates earnings per diluted share for the quarter at the low end of the previously estimated range of $.46 to $.50 versus $.41 in the year-ago period.

The Company will host a conference call and webcast on Thursday, October 14, 2004 to report its results for the second quarter ended September 25, 2004.

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, Speedy Auto Service by Monro, Mr. Tire and Tread Quarters Discount Tires. The Company currently operates 600 stores and 7 kiosks, and has 18 dealer locations in New York, Pennsylvania, Ohio, Connecticut, Massachusetts, West Virginia, Virginia, Maryland, Vermont, New Hampshire, New Jersey, North Carolina, South Carolina, Indiana, Rhode Island, Delaware, Maine and Michigan. Monro's stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems, tires and many vehicle maintenance services.

The statements contained in this press release that are not historical facts may contain statements of future expectations and other forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed. These factors include, but are not necessarily limited to, product demand, dependence on and competition within the primary markets in which the Company's stores are located, the need for and costs associated with store renovations and other capital expenditures, the effect of economic conditions, the impact of competitive services and pricing, product development, parts supply restraints or difficulties, industry regulation, risks relating to leverage and debt service (including sensitivity to fluctuations in interest rates), continued availability of capital resources and financing, risks relating to integration of acquired businesses and other factors set forth elsewhere herein and in the Company's Securities and Exchange Commission filings, including the report on Form 10-K for the fiscal year ended March 27, 2004.