Monro, Inc.'s SEC filings document a New York corporation that operates an automotive repair and tire service business with common stock listed on Nasdaq under MNRO. Recent Form 8-K disclosures cover quarterly operating results, board-declared cash dividends, and dividend treatment for shares of common stock to which holders of the company's Class C Convertible Preferred Stock are entitled.
The filing record also includes material definitive agreements and governance disclosures, including a shareholder rights agreement, amendments to consulting arrangements tied to an operational improvement plan, and executive compensation and change-in-control arrangements. These filings describe capital structure, board actions, exhibit agreements, financial-condition updates and other material events affecting the auto service retailer.
Monro, Inc. reported Q1 fiscal 2027 sales of $287,129 thousand, down 4.6% from a year earlier, as closed stores reduced sales by 2.9% and comparable store sales fell 1.7%. Gross margin slipped to 35.0%, while lower store closing and consulting costs cut OSG&A to 33.7% of sales.
Operating income was $3,695 thousand versus a $6,075 thousand loss a year ago, but after interest and other items Monro posted a net loss of $2,149 thousand, or $0.08 per diluted share; adjusted diluted loss was $0.09. Operating activities used $30,388 thousand of cash, funded mainly by $48,435 thousand of net Credit Facility borrowings, lifting long‑term debt to $108,435 thousand.
The company previously closed 145 underperforming stores and continues to monetize related assets, recording net gains of $2,960 thousand this quarter within store closing costs, net. All 19,664 Class C preferred shares converted into 1,204,908 common shares, simplifying equity, and a Sixth Credit Facility Amendment reduced capacity to $400 million while easing certain covenants through November 2027.
Monro, Inc. reported first-quarter fiscal 2027 results for the quarter ended June 27, 2026. Sales decreased 4.6% to $287.1 million from $301.0 million, driven by a $9.0 million reduction from 145 underperforming stores closed in fiscal 2026 and a 1.7% decline in comparable store sales from continuing locations. Comparable store sales rose 8% in batteries and 1% in front end/shocks and alignments, but fell 1% in tires and brakes and 5% in maintenance services.
Gross margin fell 50 basis points, mainly from higher occupancy costs, partly offset by lower technician labor as a percentage of sales. Operating expenses declined to $96.7 million, or 33.7% of sales, from $113.0 million, or 37.5%, reflecting $17.8 million lower store closing costs, $4.1 million lower costs from closed stores, and $3.7 million lower consulting costs, offset by $4.9 million higher marketing and $4.6 million higher costs at continuing locations. Operating income improved to $3.7 million (1.3% of sales) from a $6.1 million loss, while adjusted operating income declined to $2.2 million from $14.0 million.
Net loss narrowed to $2.1 million, with diluted loss per share of $0.08, compared with a $8.1 million net loss and $0.28 diluted loss per share a year earlier. Adjusted diluted results were a $0.09 loss per share versus $0.22 adjusted diluted earnings per share in the prior-year quarter. Monro ended the quarter with $9.5 million in cash and equivalents, $261.5 million of availability under its credit facility, 1,115 company-operated stores and 47 franchised locations, and paid a $0.28 per-share cash dividend.
Chang Kathryn M. reported acquisition or exercise transactions in this Form 4 filing.
Monro, Inc. reported an equity award to Senior VP - Merchandising Kathryn M. Chang. She received 6,160 restricted stock units representing common stock on June 13, 2025, granted at $0.00 per share and vesting one-quarter on each of the four anniversaries of the grant date.
The award left her with 6,160 shares held directly after the transaction. A related footnote states that the reporting person's amount of securities beneficially owned as June 13, 2026 is 14,528.
BlackRock, Inc. reports beneficial ownership of 2,068,471 shares of Monro Inc. common stock, representing 6.6% of the class. The filing shows sole voting power for 2,036,537 shares and sole dispositive power for 2,068,471 shares.
Monro, Inc. is asking shareholders to vote at its 2026 virtual annual meeting on electing eight directors, approving 2026 executive compensation on an advisory basis, and ratifying PricewaterhouseCoopers as auditor for the year ending March 27, 2027.
The company highlights a multi-channel digital marketing rollout to over 950 stores, expanded use of its ConfiDrive digital inspection tool, and a reset of tire assortments amid a shift toward lower-priced tires. It closed 145 underperforming stores in early fiscal 2026, exiting 72 leases and selling 26 locations for about $25 million, with 47 sites still to monetize. Governance features include an 89% independent board, annual director elections, stock ownership guidelines, a clawback policy, and an anti-hedging rule. A short-term shareholder rights plan, expiring November 6, 2026, becomes exercisable at 17.5% ownership and was adopted after Icahn Enterprises built roughly 33.4% total economic exposure. ESG disclosures note over 140,000 hours of teammate training, a 5‑year goal to cut workers’ compensation claim frequency by 30%, and first-time measurement of Scope 1 and 2 emissions.
MONRO, INC. director Peter J. Solomon reported an automatic conversion of Class C Convertible Preferred Stock into Common Stock on June 18, 2026. An aggregate of 19,664 shares of Class C Convertible Preferred Stock converted into 1,204,908 shares of Common Stock at a stated ratio of 61.275 common shares per preferred share in a transaction exempt under Rule 16b-3(d).
Following the conversion, Solomon’s direct Common Stock holdings increased to 709,026 shares, and trusts for the benefit of his children and grandchildren held 678,694 shares, where he serves as trustee but expressly disclaims beneficial ownership. His spouse also indirectly holds 1,000 shares of Common Stock. The filing reflects a non‑cash restructuring of his equity position rather than open-market buying or selling.
Monro, Inc. executive Kathryn M. Chang reported a routine tax-related share disposition. On the vesting of restricted stock units, 637 shares of common stock were withheld to cover tax withholding obligations, as indicated in the footnote. After this withholding, she directly holds 8,368 shares of Monro common stock. This event reflects compensation-related tax settlement rather than an open-market sale or purchase.
MONRO, INC. Executive Vice President & CFO Brian D'Ambrosia reported two compensation-related share dispositions tied to tax withholding on vested equity awards. On June 19, 2026, 459 shares of common stock were withheld, leaving 85,788 shares held directly. On June 13, 2026, 2,548 shares were withheld, leaving 86,247 shares held directly.
A footnote explains that the 3,007 shares in total were withheld to cover tax obligations upon the vesting of restricted stock units, rather than sold in open-market transactions.
Monro, Inc. Executive VP-CLO and Secretary Maureen Mulholland reported routine tax-related share dispositions tied to equity compensation. On June 13, 2026 and June 19, 2026, a total of 2,304 shares of common stock were withheld to cover tax obligations upon the vesting of restricted stock units. After these transactions, she directly held 56,784 shares of Monro common stock. These were not open-market sales but administrative tax-withholding events.