Earnings Releases·Oct 29, 2026, 7:35 AM ET

Monro, Inc. — Second Quarter Fiscal 2027 Earnings Summary

Second quarter fiscal 2027 sales declined 1.8% year-over-year to $283.6 million, driven by a 1.8% drop in comparable store sales, resulting in a net loss of $1.6 million ($0.05 diluted loss per share) compared to net income of $5.7 million ($0.18 per share) in the prior year.
Operating expenses rose to $97.4 million (34.3% of sales) from $90.4 million, primarily due to $6.1 million in store closing costs, higher litigation reserves, and increased occupancy costs, which compressed gross margin by 50 basis points to 35.1% for the six-month period.
The company closed one store during the quarter, ending with 1,114 company-operated and 47 franchised locations, while long-term debt increased to $100.0 million as of September 26, 2026.
Management is not providing fiscal 2027 financial guidance but expressed confidence that initiatives like the ConfiDrive inspection process and District Manager Toolkit will improve performance as market conditions normalize.
On October 23, 2026, the company entered a new $375.0 million senior secured credit facility maturing in 2030, which replaced the prior facility and includes restrictions on dividend payments subject to financial covenants.