Monro Muffler amends profit reports after audit

Newswire

NEW YORK, May 30 (Reuters) - Auto repair chain Monro Muffler Brake Inc. on Friday said it will cut reported 1998 to 2000 after-tax profit by $2.5 million to reflect a change in how it accounts for the transfer of 14 closed stores to barter company Icon International in those years. The Rochester, New York-based company, which has 561 stores mainly in the eastern United States, had said last week that PricewaterhouseCoopers decided to review the accounting for the barter credits, which are ...

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