Monro Inc

Despite the Stage 4 decline, mean-reversion conditions at cycle lows and forward P/E near historical lows support a tactical long entry. Price has cleared and is tightly tracking above the 9EMA and 20EMA, providing a short-term bullish edge. Under a Speculative approach, we participate now on continuation, with pullbacks into the short-term EMA zone serving as optimal entry opportunities.

• ↑Closed 145 underperforming stores, limited sales impact, profit uplift.
• ↑Gross margin improved 90bps to 33.9% through labor productivity.
• ↓Net loss $6.6M in FY26, improving from $21.3M but still unprofitable.