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Jun 28, 2025
Monro Q1 2026 Earnings Report
Monro reported a decrease in net income and diluted EPS, despite an increase in sales, primarily due to higher operating expenses from store closing costs and operational improvement initiatives.
Key Takeaways
Monro, Inc. announced its first quarter fiscal 2026 financial results, reporting a 2.7% increase in sales to $301.0 million, driven by a 5.7% increase in comparable store sales. However, the company experienced a net loss of $8.1 million and a diluted loss per share of $0.28, primarily due to significant store closing costs and consulting expenses related to its operational improvement plan. Adjusted diluted earnings per share remained flat at $0.22.
Sales for the first quarter of fiscal 2026 increased by 2.7% to $301.0 million.
Comparable store sales increased by 5.7%, marking two consecutive quarters of positive comps.
The company reported a net loss of $8.1 million and a diluted loss per share of $0.28.
145 underperforming stores were closed during the quarter as part of a comprehensive portfolio review.
Forward Guidance
Monro is not providing specific fiscal 2026 financial guidance at this time but will offer perspective during its earnings conference call. The company anticipates continued comparable store sales growth.
Positive Outlook
- Anticipates continued comparable store sales growth, with preliminary fiscal July comps up 2%.
- Focus on improving performance in continuing locations through increased merchandising productivity.
- Driving profitable customer acquisition and activation.
- Improving store location-based customer experience and selling effectiveness.
- Progress in ConfiDrive digital courtesy inspection process leading to sales and unit growth in tire and high-margin service categories.
Challenges Ahead
- Uncertainty related to the financial and operational impact of the comprehensive store portfolio review.
- Risks associated with product demand and advances in automotive technologies, including EV adoption.
- Dependence on third parties for inventory and competition within primary markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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