Monro, Inc. Announces Financial Results and Strategic Alternatives Review

Monro, Inc. reported financial results for the fourth quarter and fiscal year ended March 28, 2026. Sales for the fourth quarter decreased by 7.2% to $273.8 million, attributed to store closures and a decline in comparable store sales. However, gross margin improved by 90 basis points year-over-year. For the full fiscal year, sales decreased by 3.2% to $1.157 billion, while operating income increased by 59.4%. The company also announced a quarterly cash dividend of $0.28 per share. In a separate announcement, Monro, Inc. initiated a review of strategic alternatives to maximize shareholder value, which may include asset sales, refinancing, acquisitions, or a sale of the company. The review is in its preliminary stages with no set timeline.