Monro, Inc. filed its Form 10-Q for the quarterly period ended September 26, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting a net loss for the second quarter of fiscal year 2027.

Key Highlights

  • Net loss of $1.611 million for the three months ended September 26, 2026, compared to net income of $5.665 million in the same quarter a year earlier.
  • Sales of $283.638 million for Q2 FY2027, down from $288.914 million in Q2 FY2026.
  • Six-month net loss of $3.760 million for the period ended September 26, 2026, versus a net loss of $2.385 million for the same period in the prior year.
  • Basic and diluted loss per share of $(0.05) for the quarter, compared to earnings per share of $0.18 in Q2 FY2026.
  • Long-term debt increased to $100.0 million as of September 26, 2026, from $60.0 million as of March 28, 2026.
  • 31,326,927 shares of common stock outstanding as of October 16, 2026, according to the filing.
  • Total shareholders' equity of $573.862 million as of September 26, 2026, down from $591.473 million at March 28, 2026.

Monro's Second Quarter FY2027 Financial Results: Sales Decline and Wider Loss

According to the filing, Monro, Inc. (NASDAQ:MNRO) recorded sales of $283.638 million for the three months ended September 26, 2026, a decrease from $288.914 million in the comparable prior-year quarter. Gross profit for the quarter was $99.949 million, compared to $103.114 million a year earlier. Operating, selling, general and administrative expenses rose to $97.358 million from $90.364 million, which the filing shows contributed to operating income falling to $2.591 million from $12.750 million in Q2 FY2026.

The company reported interest expense, net of interest income, of $4.687 million for the quarter, resulting in a pre-tax loss of $1.941 million and a net loss of $1.611 million after a tax benefit of $0.330 million. For the six months ended September 26, 2026, the filing disclosed sales of $570.767 million, down from $589.949 million in the year-ago period, and a six-month net loss of $3.760 million compared with a net loss of $2.385 million a year earlier.

On the balance sheet, total assets stood at $1.545 billion as of September 26, 2026, versus $1.568 billion at March 28, 2026. The filing noted that long-term debt rose to $100.0 million from $60.0 million over that same period. Common dividends declared during the quarter totaled $8.771 million, and the filing also disclosed that the Class C convertible preferred stock, which had 19,664 shares issued and outstanding as of March 28, 2026, had no shares issued or outstanding as of September 26, 2026. Total shareholders' equity declined to $573.862 million from $591.473 million at fiscal year-end.

What Was Disclosed

Monro, Inc. filed a quarterly report covering the three and six months ended September 26, 2026, disclosing a net loss of $1.611 million for the quarter, declining sales, higher operating expenses, increased long-term debt, and the elimination of its Class C convertible preferred stock.