Monro Inc

Latest Results (16.01.2025):

Sales Performance

In the second quarter of fiscal 2025, Monro Inc. reported a decrease in sales by 6.4%, totaling $301.4 million compared to $322.1 million in the same quarter of fiscal 2024. The company experienced a 5.8% decline in comparable store sales, with specific decreases in categories such as tires, front end/shocks, maintenance services, and brakes.

Operating Income and Expenses

Monro Inc.'s operating income for the second quarter of fiscal 2025 was $13.2 million, representing 4.4% of sales, down from $22.4 million or 6.9% of sales in the prior year period. The total operating expenses increased to $93.2 million, or 30.9% of sales, primarily due to lower comparable store sales and increased advertising spend.

Net Income and Earnings Per Share

The net income for Monro Inc. in the second quarter of fiscal 2025 was $5.6 million, a decrease from $12.9 million in the same period of the previous year. Diluted earnings per share were reported at $.18, compared to $.40 in the second quarter of fiscal 2024. Adjusted diluted earnings per share were $.17, down from $.41 in the prior year period.

Cash Flow and Liquidity

During the first half of fiscal 2025, Monro Inc. generated $88 million in cash from operating activities. As of September 28, 2024, the company reported total liquidity of $529 million, indicating a strong financial position despite the challenges faced in sales and net income.

Dividend and Future Outlook

Monro Inc. distributed a cash dividend of $.28 per share for the second quarter of fiscal 2025. While the company has not provided specific financial guidance for fiscal 2025, it plans to discuss its expectations during the upcoming earnings conference call, focusing on leveraging sales momentum and strategic initiatives to achieve future objectives.