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MNRO - Monro: Market Conditions Are Improving But Still A Risky Investment
Monro Inc.
2024-06-04 13:56:30 ET
Summary
Monro's share price has dropped 72% from its all-time highs, but market conditions are improving, offering hope for the company.
Lockdowns negatively impacted Monro's growth, but recent data shows recovery in the automotive repair service segment.
Q4 and FY24 earnings declined compared to the previous year, but gross margin improved. The sales mix and oversupply of lower-margin tires pose challenges.