Monro, Inc. (NASDAQ:MNRO) Q4 2024 Earnings Conference Call May 23, 2024 8:30 AM ET

Company Participants

Felix Veksler - Senior Director, Investor Relations
Michael Broderick - President and Chief Executive Officer
Brian D’Ambrosia - Executive Vice President and Chief Financial Officer

Conference Call Participants

David Lantz - Wells Fargo
Patrick Buckley - Jefferies
William Dossett - Oppenheimer

Operator

Good morning, ladies and gentlemen, and welcome to the Monro, Inc. Earnings Conference Call for the Fourth Quarter and Full Year Fiscal 2024. At this time all participants are in a listen-only mode. Later we'll conduct a question-and-answer session, and instructions will follow at that time. [Operator Instructions] And as a reminder, this conference call is being recorded and may not be reproduced in whole or in part without permission from the company.

I would now like to introduce Felix Veksler, Senior Director of Investor Relations at Monro. Please go ahead.

Felix Veksler

Thank you. Hello, everyone, and thank you for joining us on this morning's call. Before we get started, please note that as part of this call, we will be referencing a presentation that is available on the investor section of our website at corporate.monro.com/investors.

If I could draw your attention to the Safe Harbor Statement on Slide 2. I'd like to remind participants that our presentation includes some forward-looking statements about Monro's future performance. Actual results may differ materially from those suggested by our comments today. The most significant factors that could affect future results are outlined in Monro's filings with the SEC and in our earnings release. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Additionally, on today's call, management statements include a discussion of certain non-GAAP financial measures which are intended to supplement and not be substitutes for comparable GAAP measures. Reconciliation of such supplemental information to the comparable GAAP measures will be included as part of today's presentation and in our earnings release.

With that, I'd like to turn the call over to Monro's President and Chief Executive Officer, Michael Broderick.

Michael Broderick

Thank you, Felix. And good morning, everyone. I'd like to spend the first part of our call this morning discussing the longer-term durability of our business within the broader auto aftermarket tire and services space. Then I'll talk about current tire dynamics as well as the actions we've taken to navigate an industry-wide deferral and trade-down cycle that has lasted longer than most in our industry would have expected. After that, I'll introduce four initiatives we've recently implemented to offset weakness in the tire market. I'll conclude my comments today with the foundational progress we've made that will enable Monro to reap benefits when tire volumes recover.