secwatch.observer — SEC 8-K summary
======================================

Issuer:     MONRO, INC. (MNRO)
CIK:        0000876427
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001193125-22-203456
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monro Q1 sales up 2.3% to $349.5M, EPS $0.37; COO role eliminated, Rajkowski to depart
--------------------------------------------------------------------------------

- Sales $349.5M (+2.3% YoY); comparable store sales up 0.4%; retail comps up 2.8% driven by 15% increase in ~300 small/underperforming stores.
- Diluted EPS $0.37; adjusted diluted EPS $0.42; gross margin down 180 bps to 35.0% due to technician wage investments.
- Completed divestiture of wholesale/tire distribution assets for ~$102M in June; record operating cash flow ~$77M.
- Repurchased ~414K shares for $17M at avg price $41.60.
- Eliminated COO role; Robert J. Rajkowski departs July 31, 2022; separation payments per prior agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876427/000119312522203456/0001193125-22-203456-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876427/000119312522203456/d349883d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-203456

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer