MNRO
Monro, Inc.20.76
+0.22+1.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Margin details, marketing ROI, storm boost
Q&A unpacked Q3 gross margins with 80bps materials tailwind and 30bps occupancy benefit offsetting 50bps technician labor inflation, signaling Q4 expansion for flat full-year guidance. Digital marketing drove comps alongside CRM and call centers, with rollout flexing by store ROI and readiness. Traffic fell mid-single digits but mid-single digit ticket gains netted 1.2% comps, strongest Northeast. Storm Fern sets up incremental winter sales; tax refunds add Q4 lift. Tickets trumped traffic. Management eyes comp acceleration and leverage long-term despite wages. Investors track marketing scale and weather durability.
Key Stats
Market Cap
623.21MP/E (TTM)
-Basic EPS (TTM)
-0.69Dividend Yield
0.05%Recent Filings
8-K
Monro declares $.28 dividend
Monro's board declared a quarterly cash dividend of $.28 per share on February 13, 2026, payable March 10 to shareholders of record February 24. This covers common stock and equivalents for Class C Convertible Preferred holders. Steady payout signals board confidence. No changes from prior quarters disclosed.
8-K
Q3 sales dip, comps up
Monro reported Q3 fiscal 2026 sales down 4.0% to $293.4M from store closures, yet comparable store sales rose 1.2% with gross margin up 60bps to 34.9%. Operating income jumped to $18.6M (6.3% of sales) on $14M gains from dispositions and lower costs, driving EPS to $0.35. Inventory slashed 16% year-to-date. Momentum persists.
10-Q
Q3 FY2026 results
Monro posted Q3 FY2026 sales of $293M, down 4.0% y/y from closed stores yet up 1.2% on comps, with gross margin lifting to 34.9% on material and occupancy leverage. Operating income jumped 86% y/y to $18.6M as gains from store sales/lease terminations offset consulting costs; diluted EPS hit $0.35, confirmed vs. 31.4M shares. YTD sales fell 1.9% y/y to $883M, operating income dropped 31% to $25M, and net income slid to $8.8M with EPS at $0.26—anti-dilution from preferred stock flagged. Cash dwindled to $4.9M after $48M OCF minus $22M capex, but $425M revolver availability backs $45M debt. Store closures sharpened focus. Litigation poses risks.
8-K
Fitzsimmons permanent CEO
Monro locked in Peter Fitzsimmons as permanent President and CEO on December 2, 2025, with a $900,000 salary, $200,000 sign-on bonus, and equity grants totaling $5M grant-date value—restricted stock ($500,000), RSUs ($1.125M), and PSUs ($3.375M) tied to stock hitting $25-$40 by 2027. Board expanded to nine; he joins the Executive Committee. Skin in the game aligns him through 2027.
8-K
Monro declares $.28 dividend
Monro's board declared a quarterly cash dividend of $.28 per share on November 18, 2025, payable December 16 to shareholders of record December 2. This covers common stock and equivalents for Class C Convertible Preferred holders. Steady payout signals board confidence. No changes from prior quarters disclosed.
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