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Jun 24, 2023
Monro Q1 2024 Earnings Report
Monro's first quarter sales decreased due to the divestiture of wholesale tire and distribution assets, while comparable store sales increased slightly. Earnings per share and adjusted earnings per share were reported.
Key Takeaways
Monro, Inc. reported a decrease in sales for the first quarter of fiscal year 2024, primarily due to the divestiture of its Wholesale tire and distribution assets. Comparable store sales saw a slight increase. The company generated cash from operating activities and distributed a cash dividend.
First quarter sales decreased to $327.0 million due to the divestiture of wholesale tire and distribution assets.
Comparable store sales increased 0.5%.
Diluted EPS was $.28, and adjusted diluted EPS was $.31.
Cash from operating activities totaled $72 million.
Monro
Monro
Forward Guidance
Monro is not providing fiscal 2024 financial guidance at this time but will provide perspective on its outlook for fiscal 2024 during its earnings conference call.