Monro Q2 Adj EPS $0.41 Beats $0.40 Estimate, Sales $322.10M Miss $331.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monro (NASDAQ:MNRO) reported Q2 adjusted earnings of $0.41 per share, beating the analyst consensus estimate of $0.40 by 2.5%. However, the company's quarterly sales of $322.10 million missed the analyst consensus estimate of $331.01 million by 2.69%. This represents a 2.34% decrease over sales from the same period last year.
October 25, 2023 | 11:31 am
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NEUTRAL IMPACT
Monro's Q2 earnings beat estimates but sales fell short. This mixed financial performance may lead to uncertainty in the market.
Monro's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates, which is a negative signal. These mixed signals may lead to uncertainty in the market, potentially impacting the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100