earnings
confidence high
sentiment neutral
materiality 0.60
Monro Q2 sales $329.8M (-5.1% YoY), comps +1.3%, diluted EPS $0.40, adjusted EPS $0.43
MONRO, INC.
2023-Q2 EPS reported
$0.77
revenue$679,353,000
- Sales decreased 5.1% to $329.8M vs $347.7M prior year; decline due to divestiture of wholesale tire assets.
- Comparable store sales rose 1.3% (vs 14.8% prior year), driven by ~10% increase at ~300 small/underperforming stores.
- Diluted EPS of $0.40; adjusted diluted EPS of $0.43.
- Generated ~$120M in cash from operations during first half of fiscal 2023.
- Repurchased ~1.2M shares in Q2; cumulative ~1.6M shares at avg ~$44.00 per share.