Monro Muffler Brake Q3 Earnings Call: Key Highlights

Monro Muffler Brake reported Q3 sales of $293.4M, down 4%, due to store closures. Despite this, gross margin expanded 60 bps to 34.9% and net income improved to $11.1M (EPS $0.35). The company is focusing on performance improvement through digital marketing, CRM offers, call-center support, and operational readiness assessments. It plans to reinvest SG&A savings into additional marketing. Monro continues to monetize closed-store real estate, with Q3 proceeds including $17.3M from exiting 32 leases and selling 20 owned locations.