Monro Q4 gross margin expands 90bps YoY despite 7.2% sales decline

Monro reported Q4 fiscal 2026 sales decreased 7.2% to $273.8M, primarily from 145 store closures and comparable store sales decline of 2.4%, while gross margin improved 90 basis points YoY. The company approved a Q1 FY2027 dividend of $0.28 per share, signaling confidence despite near-term headwinds from store rationalization.