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Monro

MNRO Q4 2026 Earnings

Reported May 27, 2026 at 7:44 AM ET · SEC Source

Q4 26 EPS

$-0.16

MISS 196.30%

Est. $-0.05

Q4 26 Revenue

$273.8M

MISS 3.40%

Est. $283.5M

vs S&P Since Q4 26

-5.6%

TRAILING MARKET

MNRO -7.9% vs S&P -2.3%

Full Year 2026 Results

FY 26 EPS

$0.42

MISS 23.08%

Est. $0.55

FY 26 Revenue

$1.16B

MISS 0.83%

Est. $1.17B

Market Reaction

Did MNRO Beat Earnings? Q4 2026 Results

Monro, Inc. Delivered a sharply disappointing finish to fiscal 2026, posting an adjusted diluted loss of $0.16 per share for the fourth quarter ended March 28, 2026, nearly three times worse than the consensus estimate of $0.05, a miss of 196.30% tha… Read more Monro, Inc. Delivered a sharply disappointing finish to fiscal 2026, posting an adjusted diluted loss of $0.16 per share for the fourth quarter ended March 28, 2026, nearly three times worse than the consensus estimate of $0.05, a miss of 196.30% that rattled investors already cautious ahead of the report. Revenue fell 7.2% year-over-year to $273.84 million, also trailing the $283.48 million Street expectation by 3.40%, as the company absorbed the combined drag of 145 store closures executed earlier in the fiscal year and a 2.4% decline in comparable store sales. The tire category bore the brunt of the weakness, with unit volumes down 5% as consumers gravitated toward lower-cost alternatives and deferred bigger-ticket purchases, a trend compounded by severe February weather that temporarily shuttered locations and suppressed traffic. Adding to the uncertainty, Monro's board has launched a review of strategic alternatives, including a possible sale of the company, while management declined to offer fiscal 2027 financial guidance, leaving the near-term outlook largely undefined for investors.

Key Takeaways

  • • Closure of 145 underperforming stores in Q1 fiscal 2026 reduced sales but improved cost structure
  • • Comparable store sales decreased 2.4% from continuing store locations in Q4
  • • 5% decline in tire units driven by consumer deferral of higher-ticket categories and shift to lower-cost alternatives
  • • Severe February winter weather forced temporary store closures and reduced customer traffic
  • • Gross margin expanded 90 basis points year-over-year to 33.9% due to lower technician labor costs as a percentage of sales
  • • Store impairment charges declined by $22.5 million year-over-year in Q4
  • • Full-year comparable store sales increased 1.4%, first positive comp in three years per management
  • • Inventory position dramatically improved year-over-year ($155.3M vs $181.5M)

MNRO Forward Guidance & Outlook

Monro is not providing fiscal 2027 financial guidance at this time but indicated it will provide perspective on its expectations for fiscal 2027 during its earnings conference call. The Board of Directors has initiated a review of strategic alternatives to maximize shareholder value, including but not limited to asset sales, refinancing, strategic acquisitions, operational improvements, or the sale of the company. The review is at a preliminary stage with no deadline or definitive timeline.

24/7 Wall St

MNRO YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

“Our fourth quarter results were challenged by a difficult operating environment in the full-service auto aftermarket. As we believe was the case with other tire sellers, this was primarily driven by persistent weakness in tire units that began in fiscal January and continued throughout the quarter. In addition, severe winter weather in fiscal February across our geographic footprint forced temporary store closures and significantly reduced customer traffic during what should have been a busy winter maintenance period.”

— Peter Fitzsimmons, Q4 2026 Earnings Press Release

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