$MNRO

MONRO MUFFLER BRAKE INC

CIK:0000876427|SEC Filings

Consolidated Statements of Loss and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Consolidated Statements of Loss and Comprehensive Loss [Abstract]
Sales	$ 287,129	$ 301,035
Cost of sales, including occupancy costs	186,734	194,129
Gross profit	100,395	106,906
Operating, selling, general and administrative expenses	96,700	112,981
Operating income (loss)	3,695	(6,075)
Interest expense, net of interest income	4,635	4,784
Other expense (income), net	1,056	(158)
Loss before income taxes	(1,996)	(10,701)
Provision for (benefit from) income taxes	153	(2,651)
Net loss	(2,149)	(8,050)
Other comprehensive income:
Changes in pension, net of tax	874	9
Other comprehensive income	874	9
Comprehensive loss	$ (1,275)	$ (8,041)
Loss per share:
Basic	$ (0.08)	$ (0.28)
Diluted	$ (0.08)	$ (0.28)
Weighted average common shares outstanding:
Basic	30,145	29,967
Diluted	30,145	29,967

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Operating activities
Net loss	$ (2,149)	$ (8,050)
Adjustments to reconcile net loss to cash used for operating activities:
Depreciation and amortization	15,652	15,591
Share-based compensation expense	1,636	984
(Gain) loss on disposal of assets	(2,265)	1,476
Pension settlement expense	1,171
Deferred income tax expense (benefit)	153	(2,651)
Change in operating assets and liabilities:
Accounts receivable	(777)	(258)
Federal and state income taxes payable	525	81
Inventory	(848)	7,420
Other current assets	682	(3,190)
Other non-current assets	9,338	9,654
Accounts payable	(24,454)	(21,269)
Accrued expenses	(18,708)	4,339
Other long-term liabilities	(10,344)	(6,066)
Cash used for operating activities	(30,388)	(1,939)
Investing activities
Capital expenditures	(7,531)	(7,400)
Deferred proceeds received from divestiture		3,474
Proceeds from the disposal of assets	2,985	1,560
Cash used for investing activities	(4,546)	(2,366)
Financing activities
Proceeds from borrowings on long-term debt	101,753	61,132
Principal payments on long-term debt	(53,318)	(50,836)
Principal payments on finance leases and financing obligations	(9,275)	(9,760)
Dividends paid	(8,743)	(8,728)
Deferred financing costs	(590)	(464)
Cash provided by (used for) financing activities	29,827	(8,656)
Decrease in cash and equivalents	(5,107)	(12,961)
Cash and equivalents at beginning of period	14,633	20,762
Cash and equivalents at end of period	9,526	7,801
Supplemental information:
Leased assets obtained (reduced) in exchange for new (reduced) finance lease liabilities	899	(471)
Leased assets obtained in exchange for new operating lease liabilities	$ 12,305	$ 6,341

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2026	Mar. 28, 2026
Current assets
Cash and equivalents	$ 9,526	$ 14,633
Accounts receivable	12,139	11,362
Federal and state income taxes receivable	3,414	3,850
Inventory	156,225	155,270
Other current assets	50,427	51,526
Total current assets	231,731	236,641
Property and equipment, net	239,346	241,857
Finance lease and financing obligation assets, net	142,842	148,807
Operating lease assets, net	179,239	175,899
Goodwill	736,435	736,435
Intangible assets, net	7,104	7,723
Assets held for sale	3,166	4,189
Other non-current assets	16,643	16,426
Total assets	1,556,506	1,567,977
Current liabilities
Current portion of finance leases and financing obligations	36,878	36,774
Current portion of operating lease liabilities	39,291	39,746
Accounts payable	289,286	313,740
Accrued payroll, payroll taxes and other payroll benefits	13,067	21,913
Accrued insurance	49,082	58,236
Deferred revenue	12,934	13,194
Other current liabilities	32,335	34,234
Total current liabilities	472,873	517,837
Long-term debt	108,435	60,000
Long-term finance leases and financing obligations	184,070	193,173
Long-term operating lease liabilities	159,169	156,209
Long-term deferred income tax liabilities	38,625	38,165
Other long-term liabilities	10,832	11,120
Total liabilities	974,004	976,504
Commitments and contingencies - Note 8
Shareholders' equity
Class C convertible preferred stock		29
Common stock	414	401
Treasury stock	(250,111)	(250,111)
Additional paid-in capital	263,648	262,411
Accumulated other comprehensive loss	(2,041)	(2,915)
Retained earnings	570,592	581,658
Total shareholders' equity	582,502	591,473
Total liabilities and shareholders' equity	$ 1,556,506	$ 1,567,977