Monro(MNRO) - 2022 Q4 - Earnings Call Presentation

Financial Performance - Monro's Q4 Fiscal Year 2022 sales increased by 7.4% to $328 million[9] - Comparable store sales increased by 1.4% in Q4 Fiscal Year 2022[9] - Gross margin decreased by 320 basis points to 31.9% in Q4 Fiscal Year 2022, driven by investments in technician headcount and wages[9] - Adjusted Diluted EPS was $0.20 in Q4 Fiscal Year 2022[9] - Strong operating cash flow of approximately $174 million was generated in Fiscal Year 2022[11,17] Strategic Initiatives and Divestiture - Monro completed acquisitions of 47 stores, bringing annualized sales from acquisitions completed in fiscal 2022 to $70 million[6] - An agreement was entered into to divest Wholesale and tire distribution assets for approximately $105 million, expected to close in June 2022[13,21] - The divestiture is expected to be accretive to overall gross and operating margins, and neutral to earnings per share[21,30] Capital Allocation and Shareholder Returns - The Board of Directors approved a $0.02 per share increase in the company's cash dividend for the first quarter of fiscal 2023, bringing it to $0.28 per share[22] - The company authorized the repurchase of up to $150 million of its common stock[22] Fiscal Year 2023 Outlook - Capital expenditures are projected to be approximately $40 million to $50 million[29]