MONRO, INC. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 68/100
What the filing says
Monro reported Q2 FY2027 sales of $283.6M (down 1.8% YoY) and net loss of $1.6M vs. net income of $5.7M prior year. On October 23, 2026, the company entered into new senior secured credit facilities with Ares Capital Corporation: $250M term loan + $125M revolver (total $375M), maturing October 23, 2030, replacing prior facility since April 2019. Operating income collapsed to $2.6M (0.9% margin) from $12.8M (4.4% margin); adjusted operating income fell to $4.4M (1.6%) from $14.0M (4.8%). As of October 24, 2026, cash was $27.3M with $60M available under new facilities.
Why this rating
Significant deterioration: sales declining, profitability halved, major refinancing. Relative to $541M market cap, $375M new debt and operating margin compression material. Not yet critical but trajectory concerning.
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