Monro Inc (MNRO) released its fourth quarter results on Thursday, May 20, 2021. The company reported net earnings of $0.35 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 398 percent compared to the same period a year ago.
Monro, Inc. was founded in 1957 and is headquartered in Rochester, New York. Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States. It offers range of state inspections services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
Monro's revenue decreased 10 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 35.05% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 6.78% over the same period. Net earnings for past trailing twelve months were $33.98 million, down 41% from the prior year.
Moving on to the balance sheet, Monro's cash levels dropped 91% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 60.77% this past year. The current ratio for Monro now stands at 0.92. The company increased shares outstanding by 0.08%.
Shares of MNRO are currently trading around $62.12. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 61.94 and price to book ratio of 2.81.