Monro Q3 FY2024 sales down 5.2% to $317.7M; comps fall 6.1%, EPS $0.38

MONRO, INC.

2024-Q3 EPS reported $1.05 revenue$966,712,000

Revenue $317.7M vs $335.2M YoY; comparable store sales decreased 6.1% (prior year +5.6%).
Diluted EPS $0.38; adjusted diluted EPS $0.39; gross margin up 170 bps on lower material and labor costs.
Generated $130M cash from operations in first nine months; repurchased ~1.5M shares for $44M at avg $28.50.
Distributed Q3 cash dividend of $0.28 per share; high-ticket tire deferrals and mild weather cited as headwinds.
Comparable sales down across categories: brakes -1%, maintenance -3%, alignment/shocks -5%, tires -9%, battery flat.

item 2.02 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 third quarter ended December 23, 2023 results: revenue $317.7 million, EPS $.38 per diluted share.

Period: third quarter ended December 23, 2023
Revenue: $317.7 million
EPS: $.38 per diluted share
Result: reported results

Exact text from the filing

Senior Director, Investor Relations ir@monro.com FOR IMMEDIATE RELEASE MONRO, INC. ANNOUNCES THIRD QUARTER FISCAL 2024 FINANCIAL RESULTS • Third Quarter Sales Decreased to $317.7 Million • Third Quarter Comparable Store Sales Decreased 6.1% • Third Quarter Diluted EPS of $.38; Adjusted Diluted EPS 1 of $.39 • Generated Cash from Operating Activities of $130

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Source: SEC EDGAR

accession 0001193125-24-014311

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