Monro, Inc. Announces Third Quarter Fiscal 2020 Financial Results
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Monro Muffler (MNRO) Misses Q3 EPS by 1c, Revenues Miss; Offers FY20 EPS/Revenue Guidance Below Consensus
January 30, 2020 7:33 AM ESTMonro Muffler (NASDAQ: MNRO) reported Q3 EPS of $0.60, $0.01 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $329.3 million versus the consensus estimate of $338.04 million.
Following solid performance in October and early November, mild weather in late November and December negatively impacted our top-line. These conditions have continued into January, and given these dynamics, we are adjusting our fiscal 2020 same-store-sales and earnings per diluted share guidance ranges. While we are not satisfied with our financial results, we remain confident in our path forward, though as we have said... More
