Monro Inc
MNRO
$19.41 0.73%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Auto Parts
Q1 2025
Published: Jul 31, 2024

Earnings Highlights

  • Revenue of $293.18M down 9% year-over-year
  • EPS of $0.18 decreased by 55% from previous year
  • Gross margin of 37.2%
  • Net income of 5.86M
  • ""We are on a journey for profitable growth... We were going to rely on our vendor partners to help support us, making sure that they are helping us drive value with the tire category."" - Michael Broderick
MNRO
Monro Inc

Executive Summary

In Q1 2025, Monro Inc reported a decrease in revenue to $293.2 million, a decline of 10.3% year-over-year primarily driven by a 9.9% drop in comparable store sales. However, throughout the quarter, there was an observable acceleration in trends, with June showing signs of recovery as comparable store sales improved. Management highlighted a significant growth in tire sales, aided by manufacturer-funded promotions and an enhanced inspection process to optimize services related to battery units. While net income decreased by 33.3% to $5.9 million, gross margins improved, reflected by a 220 basis-point increase due to optimized labor costs and reduced material expenses. Looking forward, Monro aims to build on these initial positive trends to enhance store traffic and margin recovery, positioning the company for potential growth as market conditions stabilize.

Key Performance Indicators

Revenue
Decreasing
293.18M
QoQ: -5.45% | YoY: -8.98%
Gross Profit
Decreasing
109.19M
37.24% margin
QoQ: -0.79% | YoY: -5.03%
Operating Income
Decreasing
13.25M
QoQ: 28.13% | YoY: -40.75%
Net Income
Decreasing
5.86M
QoQ: 58.46% | YoY: -54.45%
EPS
Decreasing
0.18
QoQ: 50.00% | YoY: -55.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 288.91 0.18 -4.1% View
Q1 2026 301.04 -0.28 +2.7% View
Q4 2025 294.99 -0.72 -4.9% View
Q3 2025 305.77 0.15 -1.4% View
Q2 2025 301.39 0.17 -5.1% View
Q1 2025 293.18 0.18 -9.0% View