Monro, Inc. (NASDAQ:MNRO) saw its stock surge 8.85% in premarket trading Wednesday after the company topped revenue expectations for its fiscal fourth quarter, even as it reported a deeper loss than anticipated.
The auto service and tire company posted $295 million in revenue for the quarter ending March 29, 2025, exceeding analysts’ projection of $288.58 million. However, the adjusted loss came in at $0.09 per share, missing the expected earnings of $0.03.
Comparable store sales rose 2.8% when adjusted for fewer selling days year-over-year, though the unadjusted figure reflected a 3.6% drop.
“While the results of our fourth quarter were impacted by extreme weather in the first half of the quarter, we drove positive comparable store sales growth in the quarter, adjusted for days, as well as sequential improvement in comparable store sales and gross margin as the months of the quarter progressed,” said President and CEO Peter Fitzsimmons.
The company also announced it will shutter 145 underperforming locations in Q1 of fiscal 2026, following a full portfolio review.
For the full year, Monro posted a net loss of $5.2 million, or $0.22 per diluted share, compared to a $37.6 million profit the prior year. Annual revenue declined 6.4% to $1.195 billion.
Monro’s board declared a quarterly dividend of $0.28 per share, payable June 17, 2025.