NASDAQ$MNRO

Monro Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Monro's first quarter sales decreased due to the divestiture of wholesale tire and distribution assets, while comparable store sales increased slightly. Earnings per share and adjusted earnings per share were reported.

Monro, Inc. reported a decrease in sales for the first quarter of fiscal year 2024, primarily due to the divestiture of its Wholesale tire and distribution assets. Comparable store sales saw a slight increase. The company generated cash from operating activities and distributed a cash dividend.

  • First quarter sales decreased to $327.0 million due to the divestiture of wholesale tire and distribution assets.
  • Comparable store sales increased 0.5%.
  • Diluted EPS was $.28, and adjusted diluted EPS was $.31.
  • Cash from operating activities totaled $72 million.

Headline financials

Total Revenue

$327M

Previous: $350M-6.5%
EPS (adj)

$0.31

Previous: $0.42-26.2%
Comparable Store Sales

0.5%

No prior period
Capital Expenditures

-$7.68M

Previous: -$8.21M+6.5%
Free Cash Flow

$64.1M

Previous: $69M-7.2%
Net Income

$8.83M

Previous: $12.5M-29.3%
Operating Income

$17.3M

Previous: $26.3M-33.9%
Gross Profit

$114M

Previous: $122M-6.4%
Cash & Equivalents

$15.3M

Previous: $30.6M-50.0%
Total Assets

$1.75B

Previous: $1.82B-3.4%
Stock-Based Comp

$539K

Previous: $1.15M-53.3%

Revenue & EPS history

Monro · Revenue · Quarterly

$327M

Q1 2024-6.5%vs Q1 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Monro is not providing fiscal 2024 financial guidance at this time but will provide perspective on its outlook for fiscal 2024 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 2024

Historical avgQ1 2024

-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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