Positive Comparable Store Sales Growth
Monro reported a 1.1% increase in comparable store sales from continuing locations, marking three consecutive quarters of positive comps for the first time in a couple of years.
Increased Gross Margin
Gross margin increased by 40 basis points to 35.7%, primarily due to lower occupancy costs and material costs as a percentage of sales.
Adjusted Earnings Per Share Growth
Adjusted diluted earnings per share increased to $0.21 from $0.17 in the prior year period.
Successful Real Estate Disposition
Monro exited 21 leases and sold 3 owned locations, resulting in proceeds of $5.5 million, contributing to positive cash flow.
Strong Financial Position
The company maintained a strong financial position with $30 million of cash generated from operations during the first half of fiscal 2026 and $410 million of availability under the credit facility.