| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 287.13 | 4.6% |
| Total Income | 287.13 | 4.6% |
| Expenditure | 283.43 | 7.7% |
| PBT | -2.00 | 81.3% |
| Net Profit | -2.15 | 73.3% |
| OPM | 1.29% | 3.31pp |
| NPM | -0.75% | 1.93pp |
| EPS | -0.08 | 71.4% |
Monro Reports Q1 FY27 Financial Results
29 Jul 2026 · 29 Jul, 5:11 pm
Summary
Monro, Inc. announced its financial results for the first quarter of fiscal 2027, reporting a 4.6% decrease in sales to $287.1 million, primarily due to store closures and a decrease in comparable store sales. Despite the sales decline, the company saw an improvement in operating income to $3.7 million from a loss in the prior year, and a reduced net loss of $2.1 million. President and CEO Peter Fitzsimmons noted that while the operating environment remains challenging, the company is confident that operational progress is building a foundation for improved performance as consumer spending stabilizes.
Key Highlights
- 1
Sales for the first quarter of fiscal 2027 decreased 4.6% to $287.1 million, compared to $301.0 million for the first quarter of fiscal 2026.
- 2
Comparable store sales decreased 1.7% overall, but increased 8% for batteries and 1% for front end/shocks and alignments.
- 3
Gross margin decreased 50 basis points compared to the prior year period.
- 4
Operating income for the first quarter of fiscal 2027 was $3.7 million, or 1.3% of sales, compared to an operating loss of $6.1 million in the prior year period.
- 5
Net loss for the first quarter of fiscal 2027 was $2.1 million, an improvement from a net loss of $8.1 million in the same period of the prior year.
- 6
Diluted loss per share for the first quarter of fiscal 2027 was $0.08, compared to a diluted loss per share of $0.28 in the first quarter of fiscal 2026.
Management Comments
Peter Fitzsimmons
Our first quarter comparable store sales declined 1.7%, reflecting an operating environment, which continued to challenge the full-service auto aftermarket. This was driven by lower store traffic as well as consumers that continued to defer higher-ticket spending decisions in tires and brakes and traded-down to lower-cost alternatives in our tire category. However, and importantly, we were able to hold our tire unit volumes flat, and we believe this allowed us to take market share, both in our tier one tires as well as in our overall tire category in the quarter. We believe that this is a direct result of our promotional effectiveness and the timely expansion of our tier four tire offerings, which allowed us to meet the needs of our customers across the price spectrum. The effectiveness of our ConfiDrive courtesy inspection process helped us drive average repair order growth in the quarter. This was driven by meaningful improvements in certain of our higher-margin service categories, including batteries, alignments, and front/end shocks. This performance reinforces that we continue to deliver genuine value to our full-service customers, even in a difficult spending environment. Importantly, we maintained our marketing investment during the quarter, despite the sales headwinds we faced. While we’re not satisfied with our results, we remain confident that the operational progress we’ve made is building a foundation for improved performance as consumer spending stabilizes.
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