--- title: "Monro | 8-K: FY2026 Q4 Revenue Misses Estimate at USD 273.84 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/287765538.md" datetime: "2026-05-27T11:46:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287765538.md) - [en](https://longbridge.com/en/news/287765538.md) - [zh-HK](https://longbridge.com/zh-HK/news/287765538.md) --- # Monro | 8-K: FY2026 Q4 Revenue Misses Estimate at USD 273.84 M Revenue: As of FY2026 Q4, the actual value is USD 273.84 M, missing the estimate of USD 283.48 M. EPS: As of FY2026 Q4, the actual value is USD -0.23, missing the estimate of USD -0.0233. EBIT: As of FY2026 Q4, the actual value is USD -1.162 M. ### Fourth Quarter Fiscal 2026 Financial Results #### Sales Monro, Inc.’s sales for the fourth quarter of fiscal 2026 decreased 7.2% to $273.8 million, compared to $295.0 million for the fourth quarter of fiscal 2025 . This decrease was primarily due to the closure of 145 underperforming stores and a 2.4% decrease in comparable store sales from continuing locations . Comparable store sales increased 1% for front end/shocks, but decreased 1% for brakes, 2% for maintenance services and tires, 3% for batteries, and 4% for alignments compared to the prior year period . #### Gross Margin Gross margin increased 90 basis points year-over-year to 33.9% in the fourth quarter of fiscal 2026, primarily driven by lower technician labor costs as a percentage of sales, partially offset by higher material and occupancy costs . Gross profit was $92,874 thousand for fiscal 2026, down from $97,280 thousand in fiscal 2025 . #### Operating Costs Total operating expenses for the fourth quarter of fiscal 2026 were $98.1 million, or 35.8% of sales, a decrease from $121.1 million, or 41.1% of sales, in the prior year period . This reduction was mainly due to $22.5 million lower store impairment costs, $6.9 million lower costs from store closures, and a $1.8 million decrease in management restructuring/transition costs, partially offset by $6.9 million in increased marketing costs and $2.7 million for operational improvement consultants . #### Operating Profit Operating loss for the fourth quarter of fiscal 2026 was - $5.2 million, or -1.9% of sales, a significant improvement from an operating loss of - $23.8 million, or -8.1% of sales, in the prior year period . Adjusted operating loss was - $2.6 million, or -0.9% of sales, compared to an adjusted operating income of $1.4 million, or 0.5% of sales, in the prior year period . #### Interest Expense Interest expense for the fourth quarter of fiscal 2026 was $4.1 million, down from $4.4 million in the prior year period . #### Income Tax Benefit Monro, Inc. reported an income tax benefit of $2.6 million in the fourth quarter of fiscal 2026, with an effective tax rate of 28.6%, compared to an income tax benefit of $6.8 million and an effective tax rate of 24.3% in the prior year period . #### Net Loss Net loss for the fourth quarter of fiscal 2026 was - $6.6 million, an improvement from a net loss of - $21.3 million in the same period of the prior year . Adjusted net loss was - $4.610 million, compared to an adjusted net loss of - $2.241 million in the prior year period . #### Store Count Monro, Inc. ended the fourth quarter of fiscal 2026 with 1,115 company-operated stores and 47 franchised locations, down from 1,260 company-operated stores in fiscal 2025 . ### Full Year Fiscal 2026 Financial Results #### Sales Sales for fiscal 2026 decreased 3.2% to $1.157 billion from $1.195 billion in fiscal 2025, primarily due to the closure of 145 underperforming stores . Comparable store sales increased 1.4% in fiscal 2026, compared to a decrease of 3.5% in the prior year period . #### Gross Margin Gross margin for fiscal 2026 was 35.0%, up from 34.9% in the prior year period, mainly due to lower occupancy costs as a percentage of sales and higher comparable store sales, partially offset by increased technician labor costs . Gross profit was $405,261 thousand for fiscal 2026, down from $417,645 thousand in fiscal 2025 . #### Total Operating Expenses Total operating expenses for fiscal 2026 were $385.2 million, or 33.3% of sales, compared to $405.1 million, or 33.9% of sales, in the prior year period . This decrease was mainly due to $25.1 million lower costs from store closures and $24.1 million lower store impairment costs, partially offset by $20.3 million for operational improvement consultants and $14.1 million in increased marketing costs . #### Operating Profit Operating income was 1.7% of sales in fiscal 2026, compared to 1.1% of sales in the prior year period . Adjusted operating income was 3.1% of sales, compared to 3.4% of sales in the prior year period . #### Net Income Net income for fiscal 2026 was $2.2 million, compared to a net loss of - $5.2 million in the prior year period . Adjusted net income was $14.018 million, compared to $15.624 million in fiscal 2025 . #### Cash Flow and Financial Position Monro, Inc. generated operating cash flow of $70 million during fiscal 2026 . As of March 28, 2026, the company had $410 million available under its credit facility and $14.6 million in cash and equivalents . #### Dividends Monro, Inc. paid a cash dividend of $.28 per share for the fourth quarter of fiscal 2026 on March 10, 2026 . The company also declared a quarterly cash dividend of $.28 per share for the first quarter of fiscal year 2027, payable on June 16, 2026, to shareholders of record as of June 2, 2026 . ### Outlook / Guidance Monro, Inc. is not providing fiscal 2027 financial guidance at this time but plans to offer perspective on its expectations during its earnings conference call . The Board of Directors has initiated a review of strategic alternatives to maximize shareholder value, including options like asset sales, refinancing, acquisitions, operational improvements, and a potential company sale . This process is in a preliminary stage with no definitive timeline, and there is no assurance of any specific transaction or outcome . ### Related Stocks - [MNRO.US](https://longbridge.com/en/quote/MNRO.US.md) ## Related News & Research - [Monro (MNRO) Q2 Earnings Report Preview: What To Look For](https://longbridge.com/en/news/294005332.md) - [Monro Q4 sales fall 7.2%, miss estimates](https://longbridge.com/en/news/287764674.md) - [MONRO, INC. 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