Monro, Inc. (NASDAQ:MNRO) Q1 2025 Results Conference Call July 31, 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

Brian Nagel - Oppenheimer & Co
Bret Jordan - Jefferies
David Lantz - Wells Fargo

Operator

Good morning, ladies and gentlemen, and welcome to the Monro, Inc.’s Earnings Conference Call for the First Quarter of fiscal 2025. [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 Investors 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’s statements include a discussion of certain non-GAAP financial measures, which are intended to supplement and not be substitutes for comparable GAAP measures. Reconciliations 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. This morning, I’d like to share an update with you on our first quarter accomplishments. After that, I’ll outline several objectives that we plan to achieve in the second quarter.

Before I begin, I’d like to recognize and thank all of our teammates for their dedication to Monro and our customers. Turning to Slide 3, starting with our accomplishments in the first quarter. While we are not satisfied with our top line results, we are confident that we have begun to see our recently implemented initiatives take hold.