NASDAQ$MNRO

Monro Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Monro's Q3 2022 financial results were announced, demonstrating sales growth and exceeding pre-pandemic levels.

Monro reported a strong third quarter with sales up 20.1% to $341.8 million, exceeding pre-pandemic levels. Comparable store sales increased by 13.8%, and diluted EPS was reported at $0.48, with an adjusted EPS of $0.49. The company also completed acquisitions of 17 new stores, expected to generate approximately $25 million in annualized sales.

  • Sales increased by 20.1% to $341.8 million, exceeding pre-pandemic levels.
  • Comparable store sales increased by 13.8%.
  • Diluted EPS was reported at $0.48, and adjusted diluted EPS was $0.49.
  • Completed acquisitions of 17 new stores across Southern California and Iowa, with expected annualized sales of approximately $25 million.

Headline financials

Total Revenue

$342M

Previous: $285M+20.1%
EPS (adj)

$0.49

Previous: $0.22+122.7%
Gross margin

35.3%

Previous: 33.8%+4.4%
Stores Open

1.3K

No prior period
Capital Expenditures

-$17.4M

Previous: -$39.2M+55.5%
Free Cash Flow

$110M

Previous: $120M-8.5%
Net Income

$16.3M

Previous: $6.68M+143.7%
Operating Income

$27.4M

Previous: $15.7M+74.9%
Gross Profit

$121M

Previous: $96.1M+25.4%
Cash & Equivalents

$9.51M

Previous: $25M-61.9%
Total Assets

$1.89B

Previous: $1.83B+3.2%
Stock-Based Comp

$1.26M

Previous: $613K+105.2%

Revenue & EPS history

Monro · Revenue · Quarterly

$342M

Q3 2022+20.1%vs Q3 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Monro will provide perspective on its outlook for the fiscal fourth quarter during its earnings conference call and is not providing fiscal 2022 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 Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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