Jun 26, 2021

Monro Q1 2022 Earnings Report

Reported record sales and significant comparable store sales growth.

Key Takeaways

Monro, Inc. announced strong first quarter fiscal 2022 results with a 38.4% increase in sales to a record $341.8 million, driven by a 34.5% increase in comparable store sales. Diluted EPS was $.46, and adjusted diluted EPS was $.55.

First quarter sales increased by 38.4% to a record $341.8 million.

Comparable store sales increased by 34.5%.

Diluted EPS was reported at $0.46, with an adjusted diluted EPS of $0.55.

The company released its inaugural Corporate Responsibility Report, Monro.Forward Responsibly.

Total Revenue
$342M
Previous year: $247M
+38.4%
EPS
$0.55
Previous year: $0.15
+266.7%
Gross margin
36.8%
Previous year: 35.4%
+4.0%
Gross Profit
$126M
Previous year: $87.5M
+44.0%
Cash and Equivalents
$17M
Previous year: $147M
-88.4%
Free Cash Flow
$57.5M
Previous year: $57.2M
+0.5%
Total Assets
$1.89B
Previous year: $1.9B
-0.4%

Monro

Monro

Forward Guidance

Monro will provide perspective on its outlook for the fiscal second quarter during its earnings conference call. The Company is not providing fiscal 2022 guidance at this time.