Monro Inc

Latest Results (31.05.2026):

Monro, Inc. reported results for the fourth quarter of fiscal 2026 (quarter ended March 28, 2026). Sales for the quarter fell 7.2% year‑over‑year to $273.8 million, driven by the prior closure of 145 underperforming stores and weaker comparable store trends, but gross margin expanded 90 basis points and operating and net losses narrowed versus the prior-year quarter.

Sales and comparable-store performance

Q4 sales: $273.8M, down 7.2% vs Q4 fiscal 2025. Comparable store sales (continuing locations) decreased 2.4% for the quarter (unadjusted comps -3.6% vs prior year). Tire unit volumes declined ~5% in the quarter, with sequential improvement in March after severe February weather reduced traffic.

Margin and profitability

Gross margin expanded 90 basis points year‑over‑year to about 33.9% in Q4, helped by lower technician labor costs as a percent of sales. Q4 operating loss narrowed to $5.2M (-1.9% of sales) from a $23.8M loss a year earlier. Adjusted operating loss was $2.6M (-0.9% of sales).

Net income and EPS

Q4 net loss was $6.6M versus a $21.3M loss in the prior-year quarter. Diluted loss per share was $0.23 in Q4 fiscal 2026 (adjusted diluted loss per share $0.16). For fiscal 2026 full year, Monro reported net income of $2.2M, or $0.03 per diluted share; adjusted diluted EPS for the year was $0.42.

Store portfolio actions

The company closed 145 underperforming stores in Q1 of fiscal 2026 as part of a restructuring plan. At quarter end Monro operated 1,115 company‑operated stores and 47 franchised locations (1,162 total).

Expenses and one-time items

Total operating expenses in Q4 were $98.1M (35.8% of sales), down from $121.1M a year ago, driven in part by lower impairment and closure-related costs in the current period. Fiscal 2026 included consulting costs (~$20.3M year) tied to an operational improvement plan that impacted adjusted results.

Liquidity and cash flow

Monro generated $70M of operating cash flow in fiscal 2026. At March 28, 2026, cash and equivalents were $14.6M and availability under the credit facility was $410M. Inventory improved to $155.3M (down from $181.5M year‑ago).

Shareholder return

The Board approved a cash dividend of $0.28 per share for the first quarter of fiscal 2027, payable June 16, 2026 (record date June 2, 2026). The company had also paid a $0.28 dividend on March 10, 2026 for Q4 fiscal 2026.

Outlook and company view

Monro is not issuing fiscal 2027 guidance with the release but will provide perspective on expectations during its earnings call. Management emphasized improvement in comps for fiscal 2026, progress on strategic initiatives (store closures, inventory, ConfiDrive adoption) and readiness to benefit when market conditions recover.