NASDAQ$MNRO
Monro Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Monro's first quarter of fiscal year 2023 sales increased, driven by comparable store sales growth in retail locations and new store sales, while earnings were impacted by increased technician headcount and wages.
Monro, Inc. reported a 2.3% increase in sales to $349.5 million for the first quarter of fiscal 2023. Comparable store sales increased by 2.8% in retail locations, with a significant 15% increase in ~300 small or underperforming stores. Diluted EPS was $.37, and adjusted diluted EPS was $.42. The company generated record operating cash flow of ~$77 million and completed the divestiture of non-core wholesale and tire distribution assets for ~$102 million.
- First quarter sales increased by 2.3% to $349.5 million.
- Comparable store sales in retail locations grew by 2.8%, driven by a 15% increase in approximately 300 underperforming stores.
- Diluted EPS was reported at $.37, with an adjusted diluted EPS of $.42.
- The company completed the divestiture of its wholesale and tire distribution assets for a total transaction value of $102 million.
Headline financials
Revenue & EPS history
Monro · Revenue · Quarterly
$350M
Forward guidance
Monro is not providing fiscal 2023 financial guidance at this time but will provide perspective on its outlook for fiscal 2023 during its earnings conference call.
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 2023
-1.1%
Avg return
Earnings day
-2.0%
Avg return
5 days after
-2.1%
Avg return
30 days after
42%
27 / 64 earnings
Positive
+31.4%
Q4 2025
Best reaction
-20.3%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro