Earnings summaries and quarterly performance for MONRO.
Executive leadership at MONRO.
Peter Fitzsimmons
Detailed
President and Chief Executive Officer
CEO
Brian D’Ambrosia
Detailed
Executive Vice President — Finance, Chief Financial Officer, Treasurer and Assistant Secretary
Cindy Donovan
Detailed
Senior Vice President — Chief Information Officer
Maureen Mulholland
Detailed
Executive Vice President — Chief Legal Officer and Secretary
Nicholas Hawryschuk
Detailed
Senior Vice President — Operations
Board of directors at MONRO.
Research analysts who have asked questions during MONRO earnings calls.
Bret Jordan
Jefferies
4 questions for MNRO
Also covers: AAP, ABG, AN +19 more
David Lantz
Wells Fargo & Company
4 questions for MNRO
Also covers: MCW, VVV, WOOF
Brian Nagel
Oppenheimer & Co. Inc.
3 questions for MNRO
Also covers: ASO, AZO, BBY +17 more
Thomas Wendler
Stephens Inc.
2 questions for MNRO
Also covers: GPI, PAG, VVV
Tom Wendler
Stephens Inc.
2 questions for MNRO
Also covers: MCW, VVV
John Healy
Northcoast Research
1 question for MNRO
Also covers: ACVA, CAR, CPRT +7 more
Seth Basham
Wedbush Securities
1 question for MNRO
Also covers: AAP, ARHS, ASO +9 more
Recent press releases and 8-K filings for MNRO.
Monro Details Strategic Initiatives and Leadership Changes at Stephens Conference
MNRO
Management Change
New Projects/Investments
Revenue Acceleration/Inflection
- Monro closed 145 underperforming stores by the end of May, with inventory moved by the end of June. The monetization of real estate from 24 locations (21 lease, 3 owned) generated approximately $5.5 million in proceeds.
- The company implemented a new digital marketing approach starting in July, which has been rolled out to approximately two-thirds of its stores by November. This strategy has driven incremental calls, revenue, and positive comparable store sales, with incremental marketing spend in the back half of FY26 expected to be EPS and net income accretive.
- Monro made key leadership hires, including Kathy Chang as SVP of Merchandising in June and Tim Ferrell as head of marketing in September, to strengthen its merchandising and marketing capabilities.
- A new machine learning-based pricing tool has been developed and implemented to tactically adjust prices by market, resulting in increased unit sales and gross margin dollars.
- The company expects its FY26 gross margin to be consistent with the prior year, with Q2, Q3, and Q4 projected to be higher than the prior year to achieve this full-year target. The focus is on driving gross margin dollars rather than rate.
Nov 19, 2025, 2:00 PM
MNRO Details Operational Improvements, Store Portfolio Optimization, and Strategic Initiatives
MNRO
New Projects/Investments
Management Change
Revenue Acceleration/Inflection
- MNRO completed the closure of 145 underperforming stores by the end of May and divested 24 locations (21 lease, 3 owned) for $5.5 million in proceeds during the quarter, with the goal of achieving cash flow positive monetization from these closures.
- The company reported its Q2 gross margin rate was approximately 40 basis points higher than the prior year and expects gross margin rates in the mid-30s going forward, anticipating FY26 gross margins to be consistent with the prior year.
- MNRO reduced its overall inventory levels by approximately $21 million, from $180 million to $160 million, over the last two quarters through assortment narrowing and improved vendor relationships. Kathy Chang was hired as SVP of merchandising in early June to lead these efforts.
- A digital marketing approach, launched in July and now covering approximately two-thirds of stores, has driven incremental calls, revenue, positive comparable store sales, and gross margin dollars. Additionally, a new machine learning-based pricing tool has led to increased unit sales and gross margin dollars by tactically adjusting prices across markets.
Nov 19, 2025, 2:00 PM
Monro Discusses Strategic Store Closures, Marketing, and Pricing Initiatives
MNRO
New Projects/Investments
Management Change
Revenue Acceleration/Inflection
- Monro (MNRO) closed 145 underperforming stores by the end of May 2025 to improve operating income, divesting 24 locations for approximately $5.5 million in proceeds.
- The company has reduced overall inventory by about $21 million in the last two quarters and expects FY26 gross margin to be consistent with the prior year, with a focus on driving gross margin dollars.
- Monro implemented a new digital marketing approach across approximately two-thirds of its stores, which has resulted in incremental calls, revenue, positive comparable store sales, and increased gross margin dollars.
- A new machine learning-based pricing tool has been developed and implemented, leading to an increase in unit sales and gross margin dollars by tactically adjusting prices based on competitive analysis and elasticity.
- The company anticipates industry tailwinds due to an aging vehicle fleet (average age 12.5 years) and high new car prices, encouraging vehicle maintenance.
Nov 19, 2025, 2:00 PM
Monro, Inc. Adopts Limited-Duration Shareholder Rights Plan
MNRO
Takeover Bid
Convertible Preferred Issuance
- Monro, Inc. (MNRO) approved a limited-duration shareholder rights plan on November 10, 2025, which is set to expire on November 6, 2026.
- This plan was adopted in response to Icahn Enterprises L.P. accumulating nearly 17% beneficial ownership of the Company.
- The rights generally become exercisable if an entity, person, or group acquires 17.5% or more of Monro's outstanding shares.
- Each right entitles the holder to purchase one one-thousandth of a share of Series D Junior Participating Serial Preferred Stock for a purchase price of $90.00.
- The Board retains the option to redeem the rights for $0.01 per right or exchange them for one share of Common Stock per right under specific conditions.
Nov 10, 2025, 9:58 PM
Monro Board Approves Limited-Duration Shareholder Rights Plan
MNRO
Takeover Bid
M&A
- Monro, Inc.'s Board of Directors has unanimously approved a limited-duration shareholder rights plan.
- The plan has a one-year duration, expiring on November 6, 2026, and was adopted in response to Icahn Enterprises L.P. accumulating nearly 17% beneficial ownership of the Company.
- The rights generally become exercisable if an entity, person, or group acquires beneficial ownership of 17.5% or more of Monro's outstanding shares.
- The plan is intended to protect the long-term interests of all shareholders and enable the Board to make informed judgments about any attempts to control or significantly influence Monro.
Nov 10, 2025, 12:45 PM
Monro: Carl Icahn Acquires Nearly 15% Stake
MNRO
M&A
New Projects/Investments
Demand Weakening
- Billionaire investor Carl Icahn has acquired an approximate 14.8% stake in Monro, making him the largest individual shareholder.
- This investment caused Monro's stock price to surge between 13% and 18%.
- Icahn Enterprises has suggested Monro consider strategic options such as acquisitions, sales, or mergers.
- Monro is currently facing operational challenges including declining sales, increasing labor costs, negative operating margins (-0.61%), and liquidity concerns, with a current ratio of 0.48 and a quick ratio of 0.16.
Nov 5, 2025, 10:52 PM
Monro Outlines Turnaround Strategy and Initial Progress
MNRO
CEO Change
New Projects/Investments
Revenue Acceleration/Inflection
- Monro's new CEO, Peter Fitzsimmons, who joined at the start of the fiscal year, initiated a strategic turnaround plan focusing on four key workstreams: optimizing the store portfolio, driving incremental traffic through marketing, enhancing store performance, and improving merchandising.
- The company closed 145 underperforming stores by the end of May and has since divested 24 locations (21 leased, 3 owned) for $5.5 million in proceeds and a $7 million gain in the last quarter, with the initiative expected to be cash flow positive.
- Monro is implementing new digital marketing strategies, which have resulted in positive comparable store sales in every tranche tested since July, and is leveraging its ConfiDrive inspection tool to boost high-margin service categories like brakes and ride control.
- The company aims to achieve mid-30s% gross margins and reported 50 basis points of material margin expansion in the last quarter, with goals to meaningfully increase operating income, adjusted diluted EPS, and year-over-year comparable store sales.
Nov 4, 2025, 10:00 PM
Monro, Inc. Reports Q2 2026 Results and Fiscal Year Outlook
MNRO
Earnings
Guidance Update
Demand Weakening
- Monro, Inc. reported Q2 2026 sales decreased 4.1% to $288.9 million, primarily due to the closure of 145 underperforming stores, though comparable store sales increased 1.1%.
- The company's gross margin rate expanded 40 basis points to 35.7%, and adjusted diluted earnings per share increased to $0.21 from $0.17 in the prior year period.
- Monro is actively implementing a performance improvement plan, including digital marketing and customer segmentation, which has been ramped to almost 600 stores and is expected to drive future growth despite recent softness in consumer demand.
- For the full fiscal year 2026, the company anticipates year over year comparable store sales growth, gross margin consistent with fiscal 2025, and a year over year improvement in adjusted diluted earnings per share.
Oct 29, 2025, 12:30 PM
Monro Reports Q1 Fiscal 2026 Results and Provides Fiscal 2026 Outlook
MNRO
Earnings
Guidance Update
New Projects/Investments
- Monro reported Q1 Fiscal 2026 sales of $301.0 million and a 5.7% increase in comparable store sales, marking two consecutive quarters of positive comparable sales.
- Adjusted diluted EPS for Q1 Fiscal 2026 was $0.22, flat compared to the prior year period, with gross margin impacted by increased technician labor costs, consumer trade-down, and self-funded promotions.
- The company completed the closing of 145 underperforming stores by the end of May, with real estate exits expected to generate positive cash flows over the next 12 months.
- For Fiscal 2026, Monro expects continued year-over-year comparable store sales growth and a year-over-year improvement in adjusted diluted earnings per share, despite an anticipated $45 million reduction in total sales from store optimization and continued gross margin pressure.
- As of June 2025, the company maintained a strong financial position with net bank debt of approximately $64 million and $398 million in availability under its credit facility.
Oct 29, 2025, 12:30 PM
Monro Reports Fiscal Third Quarter 2025 Results
MNRO
Earnings
Guidance Update
Demand Weakening
- Monro reported sales of $305.8 million and an adjusted diluted EPS of $0.19 for the third quarter of fiscal 2025.
- Comparable store sales decreased by 0.8% in Q3 FY25, showing a sequential improvement of 500 basis points from the second quarter, and returned to 1% growth in December.
- The company achieved sequential improvement in year-over-year comp store sales for both tire and service categories in Q3 FY25, with Batteries up 30% and Alignments up 13%.
- For fiscal year 2025, Monro expects to generate at least $120 million in operating cash flow and anticipates capital expenditures between $25 million and $30 million.
- As of December 2024, Monro maintained a strong financial position with net bank debt of approximately $49 million and total liquidity of approximately $521 million.
Oct 29, 2025, 12:30 PM
Quarterly earnings call transcripts for MONRO.
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