Monro, Inc. (NASDAQ: MNRO), a leading provider of automotive undercar repair and tire services, today announced financial results for its second quarter ended September 27.
Sales for the second quarter of the fiscal year ending March 28, 2026 decreased 4.1% to $288.9 million, as compared to sales of $301.4 million for the second quarter of the fiscal year ended March 29, 2025. This was primarily driven by a reduction in sales from the closure of 145 underperforming stores in the first quarter of fiscal 2026, partially offset by a 1.1% increase in comparable store sales from continuing store locations. Comparable store sales decreased 5.8% in the prior year period.
Comparable store sales increased 18% for front end/shocks and 6% for brakes compared to the prior year period. Comparable store sales for tires and maintenance services were flat compared to the prior year period. Comparable store sales decreased 5% for alignments and 21% for batteries compared to the prior year period.
Gross margin increased 40 basis points compared to the prior year period, primarily from lower occupancy costs and lower material costs as a percentage of sales, which were partially offset by higher technician labor costs as a percentage of sales, mostly due to wage inflation.
MNRO shares closed Tuesday at $2.72.
