Monro, Inc. has announced it will release its financial results for the first quarter of fiscal year 2027 before the U.S. stock market opens on July 29. Company management will host a conference call at 8:30 a.m. Eastern Time that day to discuss the performance and provide a business update.

Monro is a leading U.S. retailer of automotive repair and tire services, operating under brands such as Monro Auto Service and Tire Choice Auto Service Centers, with sales of approximately $1.2 billion in fiscal year 2026.

Upcoming Financial Report

This earnings report will reflect the company's latest operational results following the completion of its store portfolio optimization. In the first quarter of FY2026, Monro closed 145 underperforming stores, reducing its company-operated store count from 1,260 to 1,115. Although the closures reduced annual sales by approximately $45 million, comparable store sales achieved positive growth for the first time in three years during FY2026. The gross margin expanded by 90 basis points year-over-year to 33.9% in the fourth quarter, and the net loss narrowed significantly to $6.6 million from $21.3 million in the same period the previous year.

Market Expectations and Outlook

Market expectations for the first quarter of FY2027 are for earnings per share of approximately $0.02, significantly lower than the $0.22 reported for the same quarter last year. This is partly due to the store optimization plan, which is expected to reduce first-quarter sales by about $9 million. Management anticipates comparable store sales will achieve year-over-year growth in FY2027, with the full-year gross margin remaining largely consistent with FY2026. The company's capital expenditure guidance for FY2027 is between $25 million and $35 million, and it expects operating cash flow to be sufficient to support capital allocation priorities. As of the end of FY2026, Monro held approximately $41 million in available credit line capacity and about $15 million in cash.