Midas to Present at CL King Conference; Reports Continuing Increases in Retail Sales
September 12 2011 - 7:00AM
Business Wire
The presentation by Midas, Inc. (NYSE: MDS), at the C L King
“Best Ideas” Conference at the Omni Berkshire Place Hotel in New
York will be available via webcast on Tuesday, Sept. 13, beginning
at 2:45 p.m. ET.
The 25-minute presentation by Alan D. Feldman, Midas’ chairman
and chief executive officer, and William M. Guzik, executive vice
president and chief financial officer, will be accessible at
www.wsw.com/webcast/clk9/mds/ or in the corporate events section of
the company’s website at www.midasinc.com. The presentation will be
available on the sites until Oct. 12.
In advance of the presentation, Midas announced that it
continues to experience positive retail sales in the United States
and Canada.
“The retail trends of the first half of the year have continued
into the third quarter, with preliminary results to date in the
quarter indicating an increase in comparable shops sales per
selling day of 2.4 percent in U.S. Midas shops and 2.6 percent in
Canada,” Feldman said.
“After a strong start in July, U.S. comparable shop sales
increases slowed in August due to the effects of declining consumer
confidence and Hurricane Irene along the eastern coast,” he said.
“Forty Midas shops were closed for a least one day because of storm
damage. All of those shops have now re-opened.
“We continue to be encouraged by the company’s progress in
increasing customer traffic and retail sales at Midas shops, in
co-branding of Midas and SpeeDee locations, in performance of
company-operated Midas shops and in transitioning under-performing
shops to new owners,” Feldman said.
Midas is one of the world’s largest providers of automotive
service, offering brake, maintenance, tires, exhaust, steering and
suspension services at nearly 2,300 franchised, licensed and
company-owned Midas shops in 14 countries, including more than
1,500 in the United States and Canada. Midas also owns the SpeeDee
Oil Change business, with 165 auto service centers in the United
States and Mexico.
Midas (NYSE:MDS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Midas (NYSE:MDS)
Historical Stock Chart
From Jul 2023 to Jul 2024