Monro Inc

MNRO

Equity

ISIN US6102361010 / Valor 953301

NASDAQ (2024-12-24)

USD 25.19+0.20%

Monro Inc
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About company

Monro Inc is a publicly traded company listed on NASDAQ under the symbol MNRO, specializing in the automotive aftermarket industry. The company has been steadily increasing its market share through strategic acquisitions, store sales, and new store openings. Monro Inc focuses on sustainable growth and has been expanding its national presence in the industry since becoming a public company in 1991.

Summarized from source with an LLMView SourceSector: Consumer Services

First Quarter Sales

Monro Inc. reported a 10.3% decrease in sales for the first quarter of fiscal 2025, totaling $293.2 million compared to $327.0 million in the same period of fiscal 2024. Comparable store sales also saw a decline of 9.9% year-over-year.

Gross Margin Improvement

Monro Inc. achieved a gross margin expansion of 220 basis points in the first quarter of fiscal 2025. This improvement was primarily driven by lower technician labor costs and material costs as a percentage of sales, despite higher fixed occupancy costs.

Operating Income and Expenses

Operating income for Monro Inc. in the first quarter of fiscal 2025 was $13.2 million, or 4.5% of sales, down from $17.3 million, or 5.3% of sales, in the same period of fiscal 2024. Total operating expenses were $95.9 million, representing 32.7% of sales.

Net Income and EPS

Monro Inc. reported a net income of $5.9 million for the first quarter of fiscal 2025, compared to $8.8 million in the prior year period. Diluted earnings per share (EPS) were $.19, with adjusted diluted EPS at $.22, down from $.28 and $.31 respectively in the first quarter of fiscal 2024.

Cash Flow and Dividend

During the first quarter of fiscal 2025, Monro Inc. generated $26 million in operating cash flow. The company also paid a cash dividend of $.28 per share on June 18, 2024.

Summarized from source with an LLMView Source

Key figures

-19.2%1Y

-57.4%3Y

-68.4%5Y

Performance

41.1%1Y

38.1%3Y

41.7%5Y

Volatility