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Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 25, 2023
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives

Estimated Useful Lives

Life (Years)

Buildings and improvements

5 - 39

Equipment, signage, and fixtures

3 - 15

Vehicles

5 - 10

Schedule of Share-Based Compensation Valuation Assumptions

Black-Scholes Valuation Model Assumptions

(weighted average)

2023

2022

2021

Risk-free interest rate (a)

2.85

%

0.61

%

0.27

%

Expected term (years) (b)

4

4

4

Expected volatility (c)

38.7

%

34.9

%

33.3

%

Dividend yield (d)

2.33

%

1.78

%

1.60

%

(a)Risk-free interest rates are yields for zero coupon U.S. Treasury notes maturing approximately at the end of the expected option term.

(b)Expected term is based on historical exercise behavior and on the terms and conditions of the stock option award.

(c)Expected volatility is based on a combination of historical volatility, using Monro stock prices over a period equal to the expected term, and implied market volatility.

(d)Dividend yield is based on historical dividend experience and expected future changes, if any.