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Sep 25, 2021
Monro Q2 2022 Earnings Report
Monro's second quarter performance was driven by double-digit comparable store sales growth and strength in service categories and tires.
Key Takeaways
Monro, Inc. reported a strong second quarter with a 20.5% increase in sales to $347.7 million and a comparable store sales increase of 14.8%. Diluted earnings per share were $.62, and the company increased its second quarter dividend to $.26 per share. The company also signed definitive agreements to acquire 17 new stores across Southern California and Iowa.
Sales for the second quarter of fiscal year 2022 increased 20.5% to $347.7 million.
Comparable store sales increased 14.8% for the quarter.
Diluted earnings per share for the second quarter of fiscal 2022 was $.62.
The Company signed definitive agreements to acquire 17 new stores across Southern California and Iowa.
Monro
Monro
Forward Guidance
Monro will provide perspective on its outlook for the fiscal third quarter during its earnings conference call. The Company is not providing fiscal 2022 guidance at this time.