Monro Q3 sales -1.9% to $335.2M, comp +5.6%; EPS $0.41; acquires 5 stores

MONRO, INC.

2023-Q3 EPS reported $1.17 revenue$1,014,546,000

Comparable store sales +5.6% (4.4% adj. for day shift), driven by ~12% increase in ~300 small/underperforming stores.
Diluted EPS $0.41; adjusted diluted EPS $0.43; operating cash flow record ~$171M in 9 months.
Repurchased ~584K shares in Q3; cumulative ~2.2M shares at avg ~$44.00.
Definitive agreement to buy 4 Iowa stores and 1 Illinois store; expected annualized sales ~$6M.
Sales decline of 1.9% due to divestiture of wholesale tire assets; divested assets had $27.7M sales in prior-year Q3.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MONRO, INC. reported the third quarter ended December 24, 2022 results: revenue $335.2 million, EPS $.41.

Period: the third quarter ended December 24, 2022
Revenue: $335.2 million
EPS: $.41
Result: reported results

Exact text from the filing

• Third Quarter Sales Decreased 1.9% to $335.2 Million, due to the Divestiture of Wholesale Tire and Distribution Assets in First Quarter Fiscal 2023 • Third Quarter Comparable Store Sales Increased 5.6%, driven by an ~12% Comparable Store Sales Increase in ~300 Small or Underperforming Stores • Third Quarter Diluted EPS of $.41; Adjusted Diluted EPS 1 of $.43 • Generated Record Cash from Operating Activities of ~$171M in First Nine Months of Fiscal 2023 • Repurchased ~584K Shares of Common Stock; Cumulative Share Repurchases of ~2.2M Shares of Common Stock through Third Quarter at an Average Price of ~$44.00 per share • Executed Definitive Asset Purchase Agreement to Acquire Four Stores in Iowa and One Store in Illinois, Representing Expected Annualized Sales of ~$6 Million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MONRO, INC. reported financial results for the first nine months of fiscal 2023.

Period: the first nine months of fiscal 2023
Result: reported results

Exact text from the filing

On January 25, 2023, Monro, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended December 24, 2022, as well as results for the first nine months of fiscal 2023.

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MONRO, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-016071

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