Monro Inc. 2025年度报告

Monro, Inc.(Exact name of Registrant as specified in its Charter) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filerAcceleratedfilerNon-acceleratedfilerSmallerreportingcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNoThe aggregate market value of the voting and non-voting common stock held by non-affiliates of the registrant, based on the closing price of the shares of commonstock on The Nasdaq Stock Market on September27, 2025, was $541,400,000. As of May 15, 2026, 30,025,266 shares of registrant’s common stock, $0.01 par value per share, were outstanding. DOCUMENTS INCORPORATED BY REFERENCEPortions of the registrant’s definitive Proxy Statement for its 2026 Annual Meeting of Shareholders to be held hereafter are incorporated by reference into Part III of this report. TABLE OF CONTENTS Item 5.Market for the Company's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem 6.[Reserved]Item 7.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 7A.Quantitative and Qualitative Disclosures about Market Risk Item 10.Directors, Executive Officers and Corporate GovernanceItem 11.Executive Compensation Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Item 13.Certain Relationships and Related Transactions, and Director IndependenceItem 14.Principal Accountant Fees and ServicesPART IVItem 15. Exhibits and Financial Statement Schedules Table of Contents PART I Cautionary Note Regarding Forward-Looking Statements This Annual Report on Form 10-K contains “forward-looking statements” as that term is used in the Private Securities LitigationReform Act of 1995. Forward-looking statements can be identified by the fact that they address future events, developments, andresults and do not relate strictly to historical facts. Any statements contained herein that are not statements of historical fact may bedeemed to be forward-looking statements. Forward-looking statements include, without limitation, statements preceded by, followedby, or including words such as “anticipate,” “believe,” “can,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” •the impact of competitive services and pricing; •the effect of economic conditions and geopolitical uncertainty, seasonality, and the impact of weather conditions and naturaldisasters on customer demand; •advances in automotive technologies including adoption of electronic vehicle technology; •our dependence on third-party vendors for certain inventory; •the risks associated with vendor relationships and international trade, particularly goods sourced from countries targeted withimport tariffs; •the impact of changes in U.S. trade relations and ongoing trade disputes between the United States and other countries andother potential impediments to imports; •our ability to generate sufficient cash flows from operations and service our debt obligations, including our expected annualinterest expense, fund our future capital expenditures and working capital requirements, and to comply with the debtcovenants of our Credit Facility; •our anticipated sales, comparable store sales, gross profit margin, costs of goods sold (including product mix), operating,selling, general and administrative (“OSG&A”) expenses and other fixed costs, and our ability to leverage those costs; •management’s estimates and expectations as they relate to income tax liabilities, deferred income taxes, and uncertain taxp