Monro(US:MNRO)2024-10-30 14:40Second Quarter Fiscal 2025 Performance - Sales decreased by 6.4% to $301.4 million compared to the prior year[11] - Comparable store sales decreased by 5.8%[11] - Adjusted diluted EPS decreased by 58.5% to $0.17 from $0.41 in Q2FY24[14] - Gross margin was 35.3%, a decrease of 40 basis points[14] - Operating margin was 4.4%, a decrease of 250 basis points[14] Category Performance - Batteries sales increased by 20%[12] - Tire sales decreased by 4%[12] - Service sales decreased by 7% and represented approximately 51% of total sales[12] - Brakes sales decreased by 12%[12] Financial Position and Outlook - Generated operating cash flow of approximately $88 million, including approximately $38 million of working capital reductions[11, 15] - Net bank debt was approximately $41 million with a net bank debt-to-EBITDA ratio of 0.3x as of September 2024[15] - Total liquidity was approximately $529 million as of September 2024[15] - Preliminary comp store sales for fiscal October were down only 1%[7, 17]