Brief: Monro Inc Announces Fourth Quarter And Fiscal 2023 Financial Results

Monro

18/05/2023 12:33

May 18 (Reuters) - Monro Inc  MNRO.O :
    * MONRO, INC. ANNOUNCES FOURTH QUARTER AND FISCAL 2023
FINANCIAL
RESULTS
    * ANNOUNCES SIMPLIFICATION AND IMPROVEMENTS TO CORPORATE
GOVERNANCE
    * PLANS TO RECAPITALIZE EQUITY CAPITAL STRUCTURE WITH
AGREEMENT TO
ELIMINATE CLASS C PREFERRED STOCK AND DECLASSIFY ITS BOARD OF
DIRECTORS
    * Q1 2024 SALES ARE EXPECTED TO BE IN RANGE OF $330 MILLION
TO
$335 MILLION
    * SEES Q1 2024 DILUTED EPS RANGE OF $0.36 TO $0.42
    * Q4 EARNINGS PER SHARE VIEW $0.31, REVENUE VIEW $313.8
MILLION --
REFINITIV IBES DATA
    * UNDER ITS NEW STRUCTURE, BOARD WOULD CONSIST OF ONLY ONE
CLASS
OF DIRECTORS, ALL OF WHOM WILL SERVE ONE-YEAR TERMS

Source text for Eikon:  ID:nBw3FXmm3a 
Further company coverage:  MNRO.O