Monro Inc
F:MR2
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Monro Inc
F:MR2
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Earnings Calls
Last Earnings Call
Sales: Monro said first-quarter sales fell 4.6% to $287.1 million, with comparable store sales down 1.7% as traffic weakened and customers delayed bigger-ticket repairs and tire purchases.
Operating progress: Management said the company is seeing improvement in customer acquisition, store execution and merchandising, even though the macro backdrop remained difficult.
Tires: Tire unit volume was flat in the quarter, which management said suggests share gains helped by Tier 1 strength, a new Tier 4 opening price point tire and more targeted digital and CRM marketing.
Margins: Gross margin declined 50 basis points, mainly because lower sales spread fixed occupancy costs over a smaller base, while technician labor helped offset part of the pressure.
Outlook: The company expects year-over-year comparable store sales growth in fiscal 2027 and gross margin for the full year to be consistent with fiscal 2026, while SG&A rises on higher marketing investment.
Strategic review: Monro said its board’s review of strategic alternatives is underway, with no deadline and no assurance it will lead to a transaction.