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Mar 30, 2024
Monro Q4 2024 Earnings Report
Monro's fourth quarter results reflected a decrease in sales but an expansion in gross margin, driven by lower labor and material costs.
Key Takeaways
Monro, Inc. reported a slight decrease in sales for the fourth quarter of fiscal year 2024, with sales decreasing by 0.2% to $310.1 million. However, the company saw an expansion in gross margin by 210 basis points. Net income increased significantly to $3.7 million, with diluted earnings per share at $0.12, and adjusted diluted earnings per share at $0.21.
Comparable store sales increased 0.1% on a reported basis.
Gross margin expanded by 210 basis points due to lower technician labor and material costs.
Net income increased to $3.7 million from $0.4 million in the prior year period.
Adjusted diluted earnings per share increased to $0.21 from $0.08 in the prior year period.
Forward Guidance
Monro is not providing fiscal 2025 financial guidance at this time but will provide perspective on its expectations for the fiscal first quarter as well as the full year of fiscal 2025 during its earnings conference call.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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