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Dec 25, 2021
Monro Q3 2022 Earnings Report
Monro's Q3 2022 financial results were announced, demonstrating sales growth and exceeding pre-pandemic levels.
Key Takeaways
Monro reported a strong third quarter with sales up 20.1% to $341.8 million, exceeding pre-pandemic levels. Comparable store sales increased by 13.8%, and diluted EPS was reported at $0.48, with an adjusted EPS of $0.49. The company also completed acquisitions of 17 new stores, expected to generate approximately $25 million in annualized sales.
Sales increased by 20.1% to $341.8 million, exceeding pre-pandemic levels.
Comparable store sales increased by 13.8%.
Diluted EPS was reported at $0.48, and adjusted diluted EPS was $0.49.
Completed acquisitions of 17 new stores across Southern California and Iowa, with expected annualized sales of approximately $25 million.
Monro
Monro
Forward Guidance
Monro will provide perspective on its outlook for the fiscal fourth quarter during its earnings conference call and is not providing fiscal 2022 guidance at this time.