Slide 1: First Quarter Fiscal 2020 Earnings Call
Monro, Inc. First Quarter Fiscal 2020 Earnings Call July 25, 2019
Slide 2: Safe Harbor Statement and Non-GAAP Measures
Safe Harbor Statement and Non-GAAP Measures Certain statements in this presentation, other than statements of historical fact, including estimates, projections, statements related to our business plans and operating results are forward-looking statements within the meaning of the Private Securities
Slide 3: First Quarter Fiscal 2020 Highlights
First Quarter Fiscal 2020 Highlights Achieved Sixth Consecutive Quarter of Comparable Store Sales Growth1 Quarterly Comps Trends 2-Year Stacked Quarterly Comps Trends 3.5% 3.5% 3.0% 3.0% 2.5% 2.5% 2.0% 2.0% 1.5% 1.5% 1.0% 1.0% 0.5% 0.5% 0.0% 0.0% 4QFY18 1 1QFY19 2QFY19 3QFY19 1 4QFY19 1 1QFY20 1QFY1
Slide 4: A Scalable Platform: Recent Acquisitions
A Scalable Platform: Recent Acquisitions Acquisitions Announced and Completed in Fiscal 2020 Represent $75M in Annualized Sales Announced and Completed Acquisitions ▪ Completed acquisition of 40 retail locations and one distribution center in California during 1QFY20 ▪ Entered a new state, expanding
Slide 5: Store Refresh & Brand Consolidation Initiative
Store Refresh & Brand Consolidation Initiative Strong Performance of Reimaged Stores Driving Confidence in Store Refresh and Brand Consolidation Strategy ❑ Same store sales and guest satisfaction ratings at reimaged locations significantly outperformed Company average during 1QFY20 ❑ Significantly a
Slide 6: Monro.Forward Progress Update
Monro.Forward Progress Update Monro.Forward Initiatives Well Underway and Advancing as Planned ❑ Continuing to execute customer satisfaction and online reputation management Improve Customer program across Monro’s store base Experience ❑ Focus on the in-store experience is having significant impact
Slide 7: First Quarter Fiscal 2020 Results
First Quarter Fiscal 2020 Results Solid Top-Line and Margin Expansion Reflect Improving Execution Across the Business 1QFY20 1QFY19 Δ Sales (millions) $317.1 $295.8 7.2% Same Store Sales 0.8% 1.9% (110 bps) Gross Margin 40.4% 39.6% 80 bps Operating Margin 11.5% 11.2% 30 bps GAAP EPS $.67 $.62 8.1% O
Slide 8: Disciplined Capital Allocation
Disciplined Capital Allocation Executing on Growth Strategy While Maintaining a Disciplined Approach to Capital Allocation Investing in the Business ▪ Capex of $14.0M during 1QFY20 ▪ Continue to expect ~$75M of incremental Capex over 5 years to invest in store re-image and technology Executing on M&
Slide 9: Fiscal 2020 Outlook
Fiscal 2020 Outlook Updates Fiscal 2020 Comparable Store Sales Guidance and Reiterates EPS Guidance Operating Margin FY20 FY19 Δ ▪ Assumes operating margin of ~11.3% at midpoint of FY20 sales guidance Sales (millions) $1,285 to $1,315 $1,200 7% to 10% ▪ Expect stable tire and oil costs year-over-yea
Slide 10: First Quarter Fiscal 2020 Key Takeaways
First Quarter Fiscal 2020 Key Takeaways ▪ Delivered sixth consecutive quarter of positive comparable store sales growth ▪ Monro.Forward initiatives showing traction and progressing on schedule ▪ Outperformance of pilot store reimage locations underscores strength of strategy ▪ Completed and announce
Slide 11: Appendix
Appendix 11
Slide 12: Monro.Forward Strategic Initiatives
Monro.Forward Strategic Initiatives Q4 FY18 FY19 Q2 FY19 Q3 FY19 Q4 FY19 FY20 Q2 FY20 Q3 FY20 Q4 FY20 FY21 Foundational technology & tools Pilot store refresh & Scale store refresh & operational operational excellence excellence Improve Customer Technology based in-store experience Experience Schedu