Monro Stock: Near-Term Outlook Appears Challenging, Initiate At Neutral (NASDAQ:MNRO)

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Investment Thesis

Monro (NASDAQ:MNRO) has declined by about a third in the last three months as a result of weak operating metrics as consumers trade down and the management’s reluctance to provide forward guidance. We

Particulars 2023 New 2023 Prev 2022 Change
Passenger Vehicles 210.5 215.8 213.7 (1.5%)
Light Trucks 35.9 37.9 37.2 (3.6%)
Trucks 22.4 25.2 26.6 (16.0%)
Total 325.4 334.2 332.0 (2.0%)

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