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Monro
Monro (MNRO) investor relations material
Monro Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Jan, 2026
Executive summary
Third quarter sales decreased 4.0% year-over-year to $293.4 million, mainly due to the closure of 145 underperforming stores, partially offset by a 1.2% increase in comparable store sales from continuing locations.
Net income for the quarter was $11.1 million, with adjusted diluted EPS at $0.16, reflecting the impact of store closures and operational improvement costs.
Gross margin expanded by 60 basis points year-over-year to 34.9%, driven by lower material and occupancy costs, partially offset by higher labor costs.
Operating income increased to $18.6 million (6.3% of sales), with adjusted operating income at $10.3 million (3.5% of sales).
Completed a major operational improvement plan, including a significant store closure initiative, leadership transition, and reinvestment of SG&A savings into marketing.
Financial highlights
Q3 sales: $293.4 million, down 4% year-over-year due to store closures.
Comparable store sales up 1.2%; tire category up 5%; front end/shocks up 7%; brakes down 1%; service down 2%; alignments down 13%; batteries down 16%.
Gross margin: 34.9% (up 60 bps year-over-year).
Operating income: $18.6 million (6.3% of sales); adjusted operating income: $10.3 million (3.5% of sales).
Net income: $11.1 million; diluted EPS: $0.35; adjusted diluted EPS: $0.16.
Outlook and guidance
Expects full-year comparable store sales growth, supported by improvement plan and tariff-related price adjustments.
Store optimization plan to reduce total sales by ~$45 million in fiscal 2026.
Full-year gross margin expected to be consistent with prior year.
Anticipates sufficient cash flow to fund all capital allocation priorities, including $25–$35 million in capex and dividend.
Management expects higher consumer tax refunds and increased marketing spend to support topline trends.
Net financial impact of store closures
Drivers of Q3 comparable store sales growth
Expected benefits from operational improvement plan
What factors determine digital marketing rollout?
When will sales growth drive expense leverage?
Quantify ConfiDrive's impact on service revenue.
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Next Monro earnings date
Q4 202620 May, 2026
Monro
Next Monro earnings date
Q4 202620 May, 2026
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Frequently asked questions
Monro, Inc., together with its subsidiaries, provides automotive undercar repair, and tire sales and services in the United States. The company’s stores provide various services and repairs for brakes; mufflers and exhaust systems; steering, drive train, suspension, and wheel alignment; routine maintenance services, including state inspections, oil and lube services, fluids replacement services, and battery maintenance; tires replacement services; headlight, windshield wiper blade.
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