Monro Q1 sales fall 4.6%, but slightly beat estimates
MNRO•Outlook
- Monro is not providing fiscal 2027 financial guidance at this time
- Company says operating environment remains challenging with lower store traffic and deferred spending
- Monro expects operational progress to support improved performance as consumer spending stabilizes
Overview
- U.S. auto repair chain's fiscal Q1 sales fell 4.6% but slightly beat analyst expectations
- Adjusted EPS for fiscal Q1 missed analyst expectations, turning negative year-over-year
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Sales | Slight Beat* | $287.13 mln | $286.54 mln (5 Analysts) |
| Q1 Adjusted EPS | Miss | -$0.09 | $0.01 (5 Analysts) |
| Q1 Loss Per Share | $0.08 | ||
| Q1 Net Loss | $2.15 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result drivers
- Store closures - Co said sales fell mainly due to $9 mln in lost sales from closure of 145 underperforming stores in prior year
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