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MONROINC CONTACT : Kim Rudd Executive Assistant ( 585 ) 784-3324 ~ 200 Holleder Parkway , Rochester , New York 14615 Investors and Media : Melanie Dambre FTI Consulting ( 212 ) 850-5600 FOR IMMEDIATE RELEASE MONRO , INC . ANNOUNCES FIRST QUARTER FISCAL 2022 FINANCIAL RESULTS First Quarter Sales Up 38.4 % to a Record $ 341.8 Million First Quarter Comparable Store Sales Increase 34.5 % ~ First Quarter Diluted EPS of $ .46 and Adjusted Diluted EPS of $ .55 ~ Released Inaugural Corporate Responsibility Report , Monro.Forward Responsibly ~ ROCHESTER , N.Y. July 28 , 2021 Monro , Inc. ( Nasdaq : MNRO ) , a leading provider of automotive undercar repair and tire services , today announced financial results for its first quarter ended June 26 , 2021 . First Quarter Results Sales for the first quarter of the fiscal year ending March 26 , 2022 ( " fiscal 2022 " ) increased 38.4 % to $ 341.8 million , as compared to $ 247.1 million for the first quarter of the fiscal year ended March 27 , 2021 ( " fiscal 2021 " ) . The total sales increase for the first quarter of $ 94.7 million resulted from a comparable store sales increase of 34.5 % for the period and an increase in sales from new stores of $ 14.1 million , including sales from recent acquisitions of $ 13.6 million . This compares to a decrease in comparable store sales of 25.8 % in the prior year period , which was impacted by a substantial decrease in traffic related to the COVID - 19 pandemic . Comparable store sales increased approximately 57 % for brakes , 54 % for alignments , 42 % for maintenance services , 40 % for front / end shocks , and 25 % for tires compared to the prior year period . Gross margin increased 140 basis points to 36.8 % in the first quarter of fiscal 2022 from 35.4 % in the prior year period . The increase was due to higher comparable store sales in the first quarter of fiscal 2022 , which resulted in lower fixed distribution and occupancy costs as a percentage of sales , as well as a higher sales mix of service categories , compared to the prior year period . Total operating expenses for the first quarter were $ 98.0 million , or 28.7 % of sales , as compared to $ 76.1 million , or