Monro Inc.'s sales during its first quarter declined 4.6% to $287.1 million.

The drop was driven "by a reduction in sales of $9.0 million from
the closure of 145 underperforming stores in the first quarter of fiscal 2026, as well as a 1.7% decrease in comparable store sales from continuing store locations," according to Monro officials/

"Comparable store sales increased 8% for batteries and 1% for front end/shocks and alignments compared to the prior year period. Comparable store sales decreased 1% for tires and brakes and 5% for maintenance services compared to the prior year period.

"Gross margin decreased 50 basis points compared to the prior year period, primarily from higher occupancy costs as a percentage of sales, which were partially offset by lower technician labor costs as a percentage of sales."

Monro's operating income during its first quarter totaled $3.7 million versus an operating loss of $6.1 million during the prior-year period.

"Net loss for the first quarter of fiscal 2027 was $2.1 million, as compared to a net loss of $8.1 million in the same period of the prior year," say Monro officials.

CEO comments

"Our first quarter comparable store sales declined 1.7%, reflecting an operating environment, which continued to challenge the full-service auto aftermarket," says Peter Fitzsimmons, Monro's CEO and president.

"This was driven by lower store traffic, as well as consumers that continued to defer higher-ticket spending decisions in tires and brakes and
traded-down to lower-cost alternatives in our tire category.

"However, and importantly, we were able to hold our tire unit volumes flat and we believe this allowed us to take market share, both in our tier-
one tires, as well as in our overall tire category in the quarter. We believe that this is a direct result of our promotional effectiveness and the timely expansion of our tier four tire offerings, which allowed us to meet the needs of our customers across the price spectrum.

"The effectiveness of our ConfiDrive courtesy inspection process helped us drive average repair order growth in the quarter," he adds. "This was driven by meaningful improvements in certain of our higher-margin service categories, including batteries, alignments and front/end shocks.

"This performance reinforces that we continue to deliver genuine value to our full-service customers, even in a difficult spending environment. Importantly, we maintained our marketing investment during the quarter, despite the sales
headwinds we faced.

“While we’re not satisfied with our results, we remain confident that the
operational progress we’ve made is building a foundation for improved performance as consumer spending stabilizes.”

Monro is one of the five largest tire dealerships in the U.S., according to the 2026 MTD 100.