Monro, Inc (MNRO) Misses Q4 EPS by 26c, Approves $150M Buyback

Monro, Inc (NASDAQ: MNRO) reported Q4 EPS of $0.20, $0.26 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $328 million versus the consensus estimate of $324.66 million.

Share Repurchase Authorization

Monro also announced today that its Board of Directors has authorized a share repurchase program for the repurchase of up to $150 million of the Company’s common stock.

The Company may repurchase shares of common stock from time to time as market conditions warrant, subject to regulatory considerations.

The method, timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, alternative investment opportunities, and legal requirements.

The Company’s repurchase program has no expiration date, does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice.

Company Outlook

Monro is not providing fiscal 2023 financial guidance at this time but will provide perspective on its outlook for fiscal 2023 during its earnings conference call.

For earnings history and earnings-related data on Monro, Inc (MNRO) click here.

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