Monro, Inc (MNRO) Misses Q4 EPS by 24c, Offers Guidance
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Monro, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results
May 18, 2023 7:30 AM EDTFourth Quarter Sales Decreased to $310.8 Million, due to the Divestiture of Wholesale Tire and Distribution Assets in First Quarter Fiscal 2023 Fourth Quarter Comparable Store Sales Increased 4.5%, driven by an ~7% Comparable Store Sales Increase in ~300 Small or Underperforming Stores Fourth Quarter Diluted EPS of $.01; Adjusted Diluted EPS1 of $.08 Generated Record Cash from Operating Activities of $215 Million during Fiscal 2023 Completed Previously Announced Acquisition of Four Stores in Iowa and One Store in Illinois, Representing Expected Annualized Sales of ~$6 Million Approved First Quarter Fiscal 2024 Cash Dividend of $.28 per... More
