Monro Q2: Revenue Down, EPS Beats, 145 Stores Closed

Monro reported $288.9 million in revenue for Q2, a 4.1% year-over-year decline, and GAAP EPS of $0.18 (adjusted EPS $0.21), about 16.7% above analysts’ consensus. Comparable-store sales rose 1.1% and gross margin expanded roughly 40 basis points, aided by lower occupancy and material costs. The company closed 145 underperforming stores, cutting its location count to about 1,116 from 1,272 a year earlier, which partly drove the revenue decline while aiming to improve profitability. Adjusted profit improvement reflected cost controls and an Operational Improvement Plan implemented with AlixPartners. Monro is not providing fiscal 2026 guidance; sell-side sentiment is largely “hold” with a median 12‑month price target near $18, and the stock has notably underperformed year-to-date.