Overview

* Monro ( MNRO ) fiscal Q1 sales rise 2.7% to $301 mln, beating analyst expectations

* Adjusted EPS of $0.22 beats estimates, despite store closures impacting costs

* Company closed 145 underperforming stores, focusing on operational improvements

Outlook

* Monro ( MNRO ) is not providing fiscal 2026 financial guidance at this time

* Company reports preliminary fiscal July comps up 2%

* Monro ( MNRO ) to focus on improving performance in 1,115 continuing locations

* Company aims to enhance merchandising productivity and customer experience

Result Drivers

* COMPARABLE STORE SALES - Sales increased 5.7% driven by growth in high-margin service categories, including front-end shocks, brakes, and batteries

* STORE CLOSURES - Closure of 145 underperforming stores impacted sales but reduced inventory levels by $10 mln

* HIGHER COSTS - Gross margin decreased due to higher labor and material costs, partially offset by lower occupancy costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $301.04 $296.10

mln mln (5

Analysts

)

Q1 Beat $0.22 $0.15 (5

Adjusted Analysts

EPS )

Q1 EPS -$0.28

Q1 Net -$8.05

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

* Wall Street's median 12-month price target for Monro Inc ( MNRO ) is $18.00, about 9.3% above its July 29 closing price of $16.32

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)