Monro Publishes Q2 Fiscal 2027 Earnings Call Transcript
Bitget2026/11/02 22:21- Monro's October 29 fiscal 2027 second-quarter earnings call included CEO Peter D. Fitzsimmons, CFO Brian J. D'Ambrosia and analysts.
- Management now expects full-year comparable sales flat to slightly down, citing consumer pressures; gross margin should be flat to slightly lower.
- Quarterly sales fell 1.8% to $283.6 million; net loss reached $1.6 million versus year-earlier net income of $5.7 million.
- A new $375 million four-year credit agreement raises expected annual net interest expense to $28 million-$32 million.
- Fitzsimmons stressed that refinancing does not conclude the strategic review, which still includes a potential company sale and has no deadline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Cloud Sector Faces a Key Moment: CoreWeave (CRWV.US) Set to Announce Earnings, Wells Fargo Remains Bullish
CoreWeave (CRWV.US) will release its third-quarter financial report after the U.S. stock market closes on Tuesday. This is seen as a key test for the strength of the new AI cloud sector.
JPMorgan raises target prices for Target and Walmart
Orient Precision Industries Holds Extraordinary Shareholders Meeting
Citi optimistic about international oil companies: low-cost resource reserves being rebuilt may drive energy sector to reverse a decade-long valuation discount
With oil prices in the mid-$70s range, Citi believes that global international oil companies (IOCs) can deliver a free cash flow yield of 7% to 8%, and achieve a real growth rate of 4% to 5% over a period of time.
Crypto prices
More
