Monro cuts second-quarter sales 1.8% to $283.6 million
Key Facts
Monro said on October 29, 2026, that sales were $283.6 million in the second quarter of fiscal 2027, ended September 26, down 1.8% from the same period of the prior fiscal year, when it reported $288.9 million. The company said the sales decline came entirely from lower comparable-store sales at continuing locations, also down 1.8%. The result put quarterly sales below their level a year earlier, with the company directly tying the change to the performance of existing stores. The figures cover the three months ended September 26, 2026, and were reported by the company in a statement issued on October 29. Monro said, "The decline was entirely due to a decrease in comparable-store sales from continuing locations."
The decline in comparable-store sales means the driver of the drop identified by the company was tied to the performance of locations that remained open, according to the wording of its statement. This differs from the explanation for fiscal 2027 first-quarter results, when sales fell 4.6% to $287.1 million from $301.0 million a year earlier. The company then attributed part of the decline to the closure of 145 stores in the first quarter of fiscal 2026, an effect linked to a change in the size of the network in the year-over-year comparison. In the latest second quarter, Monro attributed the entire decline to comparable-store sales from continuing locations. The company thus posted declines in both the first and second quarters, citing a different factor for each period.
In its first-quarter results disclosure, Chief Executive Peter Fitzsimmons said weaker store traffic and consumers’ deferral of larger spending decisions on tires and brakes weighed on comparable-store sales. He said tire unit volumes remained stable in that period, adding that the company believed this helped it gain market share in premium tire categories and the overall tire category. These remarks provide background on the demand conditions management described at the time, but they relate to the first quarter and do not constitute an additional explanation the company gave for the second-quarter result. For the second quarter, the explanation in the available evidence was limited to a decline in comparable-store sales from continuing locations. Fitzsimmons said in the previous disclosure that the company "was able to keep tire unit volumes stable, and we believe that allowed us to gain market share."
The sales performance comes against the backdrop of a prior fiscal year in which comparable-store sales rose 1.4% in fiscal 2026 compared with fiscal 2025, according to the company’s annual report. In terms of its operating footprint, its quarterly report said Monro operated 1,115 stores in 32 states, along with 46 Car-X franchise locations, as of June 27, 2026. These figures show the scale of the network through which the company operates, while the latest quarterly result measures continuing-location sales on a year-over-year basis. The second-quarter statement in the available facts did not include a newer figure for the size of the network. The fiscal 2026 comparable-store sales figure covers the full year, while the 1.8% result applies to the second quarter of fiscal 2027.
Monro said in its first-quarter results statement that it was not providing financial guidance for fiscal 2027 at that time and would share its outlook during the earnings call. That reference remains tied to what the company announced before the second-quarter results, and the available evidence here does not include new financial guidance or a specified later date. EL7 data showed the company’s shares closed at $14.3 on October 28, 2026, the day before the results announcement was published. The price therefore represents a close before the announcement and does not describe a share move in response to the results. The latest financial result was sales of $283.6 million, a year-over-year decline of 1.8%, which the company attributed entirely to comparable-store sales from continuing locations.