Quarterly ResultOct 29, 2026, 07:41 AM
Monro Q2 Sales Down 1.8% to $283.6M; Reports Net Loss of $1.6M
AI Summary
Monro, Inc. announced its second quarter fiscal 2027 financial results, reporting a 1.8% decrease in sales to $283.6 million and a net loss of $1.6 million, or $0.05 per diluted share. This contrasts with a net income of $5.7 million in the prior year's second quarter. The decline was attributed to lower comparable store sales across most categories, except for batteries and maintenance services. The company also entered into new senior secured credit facilities totaling $375 million, replacing its prior credit facility. Monro is not providing fiscal 2027 financial guidance at this time.
Key Highlights
- Monro, Inc. reported Q2 fiscal 2027 sales of $283.6M, a 1.8% decrease YoY.
- Net loss for Q2 fiscal 2027 was $1.6M, or $0.05 loss per diluted share, compared to net income of $5.7M in Q2 fiscal 2026.
- Comparable store sales decreased 1.8% in Q2 fiscal 2027.
- Gross margin decreased 50 basis points in Q2 fiscal 2027.
- Total operating expenses increased to $97.4M in Q2 fiscal 2027, driven by higher store closing costs and labor.
- Company entered into new senior secured credit facilities totaling $375.0M.
- Monro ended Q2 fiscal 2027 with 1,114 company-operated stores.
Price Impact
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