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FAIRPORT, N.Y. - Monro, Inc. (NASDAQ:MNRO) reported better-than-expected revenue for its fiscal fourth quarter on Wednesday.
The company’s shares were up 8.85% in pre-market trading following the release, despite a wider-than-anticipated loss.
The automotive service and tire provider posted revenue of $295 million for the quarter ended March 29, 2025, surpassing analyst estimates of $288.58 million. However, the company reported an adjusted loss per share of $0.09, missing the consensus forecast for earnings of $0.03 per share.
Comparable store sales increased 2.8% in the quarter when adjusted for fewer selling days compared to the prior year period. Unadjusted comparable store sales decreased 3.6%.
"While the results of our fourth quarter were impacted by extreme weather in the first half of the quarter, we drove positive comparable store sales growth in the quarter, adjusted for days, as well as sequential improvement in comparable store sales and gross margin as the months of the quarter progressed," said Peter Fitzsimmons, President and CEO.
The company announced plans to close 145 underperforming stores in the first quarter of fiscal 2026 following a comprehensive portfolio review.
For the full fiscal year 2025, Monro reported a net loss of $5.2 million, or $0.22 per diluted share, compared to net income of $37.6 million, or $1.18 per diluted share, in fiscal 2024. Annual revenue decreased 6.4% to $1.195 billion.
Monro’s board approved a quarterly cash dividend of $0.28 per share, payable on June 17, 2025.
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