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Monro Muffler Brake (MNRO)
NASDAQ:MNRO
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.39Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -4.96%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with notable improvements in tire sales and financial stability, offset by declines in overall sales, net income, and gross margins. While some operational improvements are evident, significant challenges remain in service category performance and addressing consumer trade-down impacts.Company Guidance
During the earnings call for Monro Inc.'s Q2 2025, the company provided guidance that highlighted several key metrics and objectives. Comparable store sales showed a year-over-year decline of 5.8%, leading to a 6.4% decrease in total sales, amounting to $301.4 million. Despite this, the company reported a sequential improvement in comparable store sales by 410 basis points from Q1, with sales momentum continuing into October, resulting in a preliminary comp store sales decline of just 1%. Gross margin decreased by 40 basis points due to higher material costs and a shift in tire purchases toward Tier 3 offerings. The company aims to achieve gross margin expansion in fiscal 2025, driven by improvements in service categories and labor productivity. Net income for Q2 was $5.6 million, with diluted earnings per share at $0.18, compared to $0.40 in the previous year. Monro expects to generate at least $120 million in operating cash flow for the full year and plans capital expenditures between $25 million and $35 million. Looking ahead, the company is focused on enhancing store traffic, particularly in oil change services, and optimizing labor efficiencies to restore gross margins to pre-COVID levels.Sequential Improvement in Comp Store Sales
The company reported a 410 basis point improvement in year-over-year comparable store sales percentage change from Q1, with sales of $301.4 million.
Tire Category Growth
Tire dollar and unit sales improved sequentially from Q1 and exited Q2 with year-over-year growth in units in September.
Cash Flow and Financial Position
Monro generated $88 million of cash from operations, improved the AP to inventory ratio to 185%, and maintained a net bank debt-to-EBITDA ratio of 0.3x.
Labor Productivity Improvements
Technician payroll productivity improvements contributed to a 130 basis point offset to gross margin pressure.
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MNRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MNRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $26.52 | $27.46 | +3.54% |
| Jul 31, 2024 | $25.52 | $30.20 | +18.34% |
| May 23, 2024 | $25.15 | $22.18 | -11.81% |
| Jan 24, 2024 | $28.52 | $29.45 | +3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Monro Muffler Brake (MNRO) report earnings?
Monro Muffler Brake (MNRO) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Monro Muffler Brake (MNRO) earnings time?
Monro Muffler Brake (MNRO) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MNRO EPS forecast?
MNRO EPS forecast for the fiscal quarter 2025 (Q3) is $0.35.
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