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.
Thesis
Read the full article on Seeking Alpha
For further details see:
Monro: Market Conditions Are Improving But Still A Risky Investment