Monro Q1 sales +2.3% to $349.5M; adjusted EPS $0.42; COO role eliminated

MONRO, INC.

2023-Q1 EPS reported $0.37 revenue$349,535,000

First quarter sales up 2.3% to $349.5M; comparable store sales up 0.4% overall, Retail up 2.8%.
Diluted EPS $0.37; adjusted diluted EPS $0.42 (non-GAAP).
Record operating cash flow ~$77M; completed divestiture of wholesale/tire distribution assets for ~$102M.
Repurchased ~414K shares at avg $41.60 for ~$17M.
Eliminated COO role; Robert J. Rajkowski to depart July 31; receives severance per letter agreement.

item 2.02 item 5.02 item 9.01

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Departed

Robert J. Rajkowski

Chief Operating Officer

MNRO · MONRO, INC.

Effective: 2022-07-31
Filed: August 3, 2022, 7:59 PM ET

the Company announced the elimination of the role of Chief Operating Officer. As a result of this position elimination, Robert J. Rajkowski will leave the Company as of July 31, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Robert J. Rajkowski departed as Chief Operating Officer at MONRO, INC..

Action: departed
Role: Chief Operating Officer

Exact text from the filing

the Company announced the elimination of the role of Chief Operating Officer. As a result of this position elimination, Robert J. Rajkowski will leave the Company as of July 31, 2022.

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MONRO, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-211062

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