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Monro (MNRO) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Oct 29, 2026 · Monro (MNRO) Q2 FY27 earnings results →

Q2 FY27 Revenue down 2% year over year to $284M · 1¢ of every $1 of revenue lost · operating margin 0.9%

Monro made $284M in Q2 FY27 (-2% Y/Y): Tires $134M, Maintenance $75.3M, Brakes $39.6M. Operating margin 0.9%, net loss $1.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$284M
Year over year-2%
Operating margin0.9%
Net earnings−$1.6M
Operating cash flow$34.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $283.6M in Q2 FY27, down 2% year over year and down 1% from the previous quarter. Tires was the largest line at 47% of revenue. Maintenance lost $3.7M year over year (down 5%), 70% of the total change.

Gross margin was 35.2%, down 0.5 points from Q2 FY26. Operating profit was $2.6M, a 0.9% margin (down 3.5 points year over year). Operating expenses grew 8% against a revenue fall of 2%. The quarter ended with a net loss of $1.6M, narrower than the previous quarter's $2.1M loss. Net interest and other expense of $4.5M was the main reason.

Operating cash flow was $34.6M (up 7% year over year). Non-cash charges added back $15.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $18.9M. Capital expenditures of $5.8M left free cash flow of $28.8M.

Quarterly history

Monro revenue by quarterMonro revenue by quarter$295MQ4 FY25$301MQ1 FY26$289MQ2 FY26$293MQ3 FY26$274MQ4 FY26$287MQ1 FY27$284MQ2 FY27
Monro net earnings by quarterMonro net earnings by quarter−$21.3MQ4 FY25−$8.1MQ1 FY26$5.7MQ2 FY26$11.1MQ3 FY26−$6.6MQ4 FY26−$2.1MQ1 FY27−$1.6MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QOct 29, 2026$284M-2%0.9%−$1.6M$34.6M
Q1 FY2710-QJul 29, 2026$287M-5%1.3%−$2.1M−$30.4M
Q4 FY2610-KMay 27, 2026$274M-7%-1.9%−$6.6M$22.2M
Q3 FY2610-QJan 28, 2026$293M-4%6.3%$11.1M$17.8M
Q2 FY2610-QOct 29, 2025$289M-4%4.4%$5.7M$32.3M
Q1 FY2610-QJul 30, 2025$301M+3%-2.0%−$8.1M−$1.9M
Q4 FY2510-KMay 28, 2025$295M-5%-8.1%−$21.3M$28.9M

Charts

Monro: revenue growth, year over year and quarter over quarterMonro: revenue growth, year over year and quarter over quarterY/YQ/Q-5%Q4 FY25+3%+2%Q1 FY26-4%-4%Q2 FY26-4%+2%Q3 FY26-7%-7%Q4 FY26-5%+5%Q1 FY27-2%-1%Q2 FY27
Latest (Q2 FY27): Y/Y -2%, Q/Q -1%.
Monro: where the cash came from (+) and went (−), TTM to Q2 FY27Monro: where the cash came from (+) and went (−), TTM to Q2 FY27Net borrowing (+) / repaid (−)$191MOther financing−$190MOperating cash flow$44.3MDividends−$35.0MCapital spending−$31.9MAsset & business sales$25.8MCash drawn (+) / kept (−)−$4.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Monro: profit against cash, quarter by quarterMonro: profit against cash, quarter by quarterNet incomeOperating cash flow$4.6M$14.8MQ3 FY25−$21.3M$28.9MQ4 FY25−$8.1M−$1.9MQ1 FY26$5.7M$32.3MQ2 FY26$11.1M$17.8MQ3 FY26−$6.6M$22.2MQ4 FY26−$2.1M−$30.4MQ1 FY27−$1.6M$34.6MQ2 FY27
Latest (Q2 FY27): Net income −$1.6M, Operating cash flow $34.6M.
Monro: diluted shares by fiscal yearMonro: diluted shares by fiscal year34MFY2134MFY2233MFY2332MFY2430MFY2530MFY26
-11.4% since FY21: buybacks shrank the count.
Monro in its industry: growth against margin (4 companies, SIC 7500)Monro in its industry: growth against margin (4 companies, SIC 7500)revenue growth, year over year →↑ operating marginmedian -2%median 1%DRVNEVGOPNYGMNRO (-2%, 1%)
Services-Automotive Repair, Services & Parking; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Monro

We are a leading nation-wide operator of retail tire and automotive repair stores in the United States. We offer to our customers, referred to as “guests”, replacement tires and tire related services, automotive undercar repair services, and a broad range of routine maintenance services, primarily on passenger cars, light trucks, and vans. We also provide other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. We believe the convenience and value we offer are key factors in serving and growing our base of customers. At March 28, 2026, we operated 1,115 retail tire and automotive repair stores and serviced approximately 3.8 million vehicles in fiscal 2026.

In its own words, from its 10-K, filed May 27, 2026.

Monro against its Services-Automotive Repair, Services & Parking peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median -2%. Operating margin: 0.9% against the peers' median 0.9%.

CompanyQuarterRevenueY/YOp. margin
MNRO MonroQ2 FY27$284M-2%0.9%
DRVN Driven Brands HoldingsQ2 2026$507M+7%14.4%
EVGO EVgoQ2 2026$82.6M-16%-48.6%
PNYG Pony GroupQ2 2026$31K-29%-161.6%

Source: Monro 10-Q on SEC EDGAR · CIK 876427 · Services-Automotive Repair, Services & Parking

Guidance and outlook

Monro: what its forward-looking statements are about (10-Q filed 2026-07-29)Monro: what its forward-looking statements are about (10-Q filed 2026-07-29)Financing3Costs2Demand1Other1Buybacks & dividends1Capital spending1Supply chain1
10 statements; tone +0.30 (−1 all cautious, +1 all confident); 1 hedged.
Monro: outlook statements against the filing beforeMonro: outlook statements against the filing beforeConfident3

13F: who owns MNRO and who is buying

Largest holders of MNRO (13F)Largest holders of MNRO (13F)Icahn Carl C$86.9MGamco Investors, Inc. et Al$46.9MBlackRock$44.8MVanguard Group$42.0MDeprince Race & Zollo$30.4MEstuary Capital Management LP$25.6MMorgan Stanley$24.5MVanguard Capital Management LLC$22.0MCibc World Markets$18.5MDimensional Fund Advisors LP$18.3M
Funds' net buying of MNRO by quarter (13F)Funds' net buying of MNRO by quarter (13F)−$29.9M2024-09$1.2M2024-12$15.0M2025-03−$30.2M2025-06$84.0M2025-09$57.1M2025-12−$10.9M2026-03−$50.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MNRO

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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