Monro Q3 Adj. EPS $0.39, Inline, Sales $317.65M Miss $324.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monro Inc. (MNRO) reported Q3 adjusted EPS of $0.39, which was in line with analyst estimates but marked a 9.3% decrease from the previous year. Quarterly sales of $317.65M fell short of the expected $324.22M, a 5.23% decrease from the same period last year.
January 24, 2024 | 12:32 pm
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Monro Inc. reported Q3 adjusted EPS of $0.39, meeting estimates but down 9.3% YOY. Sales of $317.65M missed estimates by 2.03% and were down 5.23% YOY.
The reported earnings being in line with estimates typically would not move the stock price significantly. However, the miss on sales estimates and the year-over-year decline in both earnings and sales are negative indicators that could lead to a short-term negative impact on the stock price. Investors may be concerned about the company's growth and profitability, which could lead to a decrease in stock price.
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