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Add as a preferred source on GoogleMonro Shares Slide 19% After Adjusted Second-Quarter Loss Misses Estimates
Fewer store visits and cautious consumer spending pressured sales. The stock had its largest intraday decline since late July.
Monro, Inc. shares fell 19% during Thursday, Oct. 29, trading after the auto service retailer posted an adjusted second-quarter loss that was worse than expected. The stock had its largest intraday decline since late July.
Fewer visits to Monro's stores and cautious consumer spending put pressure on sales. The adjusted loss and weaker sales conditions marked the quarter's main developments.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.