NASDAQ$MNRO

Monro Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Monro's Q1 2021 financial results were announced, showing a decrease in sales and earnings per share due to the COVID-19 pandemic.

Monro, Inc. reported a decrease in sales by 22.1% to $247.1 million compared to the previous year, with a diluted EPS of $0.09. The decline was primarily due to a decrease in traffic related to the COVID-19 pandemic, though monthly comparable store sales improved sequentially throughout the quarter. The company completed the rollout of its Amazon.com collaboration and closed 36 stores as part of its portfolio optimization.

  • First quarter sales decreased 22.1% to $247.1 million.
  • Diluted EPS was $0.09, including $0.06 of store closing costs.
  • Completed rollout of Amazon.com tire installation services across store base.
  • Completed planned closure of 42 stores as part of portfolio optimization.

Headline financials

Total Revenue

$247M

Previous: $317M-22.1%
EPS (adj)

$0.15

Previous: $0.68-77.9%
Gross margin

35.4%

Previous: 40.4%-12.4%
Capital Expenditures

-$15.3M

Previous: -$14M-9.3%
Free Cash Flow

$57.2M

Previous: $44.2M+29.4%
Net Income

$2.99M

Previous: $22.6M-86.8%
Operating Income

$11.4M

Previous: $36.4M-68.7%
Gross Profit

$87.5M

Previous: $128M-31.8%
Cash & Equivalents

$147M

Previous: $8.51M+1628.8%
Total Assets

$1.9B

Previous: $1.58B+20.3%
Stock-Based Comp

$904K

Previous: $925K-2.3%

Revenue & EPS history

Monro · Revenue · Quarterly

$247M

Q1 2021-22.1%vs Q1 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Due to the ongoing uncertainty caused by COVID-19, it remains difficult to accurately predict the full impact of the pandemic on overall demand and Monro’s operations for the remainder of the year. Therefore, the Company is not providing fiscal 2021 guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.2%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-2.1%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+31.4%

Q4 2025

Best reaction

-20.3%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-1.9%-5.3%
Q3 2026+0.2%-7.0%+7.5%
Q2 2026-16.6%-16.8%+3.5%
Q1 2026-20.3%-11.6%+1.6%
Q4 2025+31.4%+22.2%+14.9%
Q3 2025-7.7%-15.6%-19.1%
Q2 2025+2.3%+3.2%+5.0%
Q1 2025+11.4%+4.5%+4.0%
Q4 2024-9.4%-8.6%-11.0%
Q3 2024+5.3%+6.9%+8.2%
Q2 2024+4.3%+0.9%+18.4%
Q1 2024-6.4%-6.5%-15.1%
Q4 2023-8.8%-11.4%-19.3%
Q3 2023+11.9%+8.3%+12.3%
Q2 2023-6.3%-1.7%-5.0%
Q1 2023+8.7%+10.9%+3.8%
Q4 2022-11.1%-1.0%-8.4%
Q3 2022-12.8%-14.1%-18.8%
Q2 2022+6.2%+7.5%+0.1%
Q1 2022-6.7%-9.5%-12.3%
Q4 2021-3.2%-5.1%-7.4%
Q3 2021+2.1%+8.0%+9.2%
Q2 2021-1.6%-4.3%+10.5%
Q1 2021-5.8%-4.4%-23.6%
Q4 2020-11.2%-11.8%-13.6%
Q3 2020-10.8%-12.4%-20.2%
Q2 2020-14.9%-12.4%-9.4%
Q1 2020+0.7%+3.5%-7.0%
Q4 2019+4.7%+2.3%+8.6%
Q3 2019+1.0%+6.1%+7.7%
Q2 2019+15.2%+14.1%+20.2%
Q1 2019-4.9%+0.3%+4.8%
Q4 2018-7.0%-1.9%+8.0%
Q3 2018-7.1%-9.7%-16.2%
Q2 2018-3.6%-1.2%-3.4%
Q1 2018+14.0%+9.4%+4.5%
Q4 2017+0.7%-2.0%-8.3%
Q3 2017-8.0%-8.8%-4.8%
Q2 2017-3.5%-6.1%-3.4%
Q1 2017-1.2%-3.0%-9.8%
Q4 2016-6.4%
Q3 2016+2.9%
Q2 2016+4.0%
Q1 2016-1.4%
Q4 2015-4.7%
Q3 2015-3.9%
Q2 2015-3.6%
Q1 2015+0.1%
Q4 2014+6.6%
Q3 2014+0.3%
Q2 2014-1.0%
Q1 2014+1.0%
Q4 2013+10.1%
Q3 2013-4.6%
Q2 2013+1.4%
Q1 2013+0.2%
Q4 2010-1.9%
Q4 2012-1.9%
Q3 2012+4.2%
Q3 2011+4.2%
Q2 2012-1.2%
Q4 2011-1.2%
Q1 2012-2.3%
Q2 2011-2.3%
Q1 2011-2.3%

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