Welcome to our dedicated page for Monro news (Ticker: MNRO), a resource for investors and traders seeking the latest updates and insights on Monro stock.
Monro, Inc., headquartered in Rochester, New York, is a prominent player in the automotive service industry in the United States. The company operates over 1,000 service stations across 25 states, primarily serving the eastern half of the country. Monro provides a comprehensive range of services focused on undercar maintenance, including brake, steering, exhaust, drivetrain, and suspension systems, as well as tire sales and services.
Monro, Inc. is dedicated to being the leading automotive service provider in its markets by offering consumers and businesses superior value through high-quality service at competitive prices, coupled with exceptional convenience and customer service. The company also strives to be a rewarding place for its employees by fostering a motivating and supportive work environment, while simultaneously delivering superior returns to its shareholders.
Recently, Monro announced a significant partnership with BFGoodrich Tires as the 'Official Auto Repair and Tire Partner' for the 2024 World's Strongest Man competition. This collaboration emphasizes Monro's commitment to showcasing the strength and durability of BFGoodrich tires and includes a limited-time promotion offering a free alignment with the purchase of a set of four BFGoodrich tires.
Monro's financial performance continues to reflect its strategic initiatives and market leadership. The company remains focused on expanding its footprint, enhancing its service offerings, and leveraging partnerships to drive growth and customer satisfaction.
For career opportunities at Monro, visit the company’s careers section at http://careers.monro.com, where you can view current openings and download an employment application.
Monro (Nasdaq: MNRO), an automotive undercar repair and tire services provider, has announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share on the company's outstanding common stock. This dividend also applies to shares of common stock to which holders of the Company's Class C Convertible Preferred Stock are entitled. The dividend will be paid on March 11, 2025, to shareholders of record at the close of business on February 25, 2025.
Monro Inc. (MNRO) has promoted Nick Hawryschuk to Senior Vice President - Operations from his previous role as Vice President - Finance and Operations. In his new position, Hawryschuk will oversee all retail and commercial operations, developing and executing company strategy while reporting to CEO Mike Broderick.
Hawryschuk joined Monro in 2020 as Vice President - Finance and has since taken on expanded responsibilities, including overseeing Finance, Loss Prevention, Operations Support, Fleet and Strategic Accounts, and the Global Call Center. His previous experience includes leadership roles at Xylem Inc., where he led a global finance transformation, and Carestream Health, Inc., where he gained expertise in finance and operations.
Monro Inc. (MNRO) reported its third quarter fiscal 2025 financial results, showing a 3.7% decrease in sales to $305.8 million compared to $317.7 million in the same period last year. The company saw a 0.8% decrease in comparable store sales, marking a 500 basis point improvement from the previous quarter's 5.8% decline.
Notable performance metrics include a 30% increase in battery sales, 13% growth in alignments, and 6% growth in front end/shocks. However, tires decreased by 1%, maintenance services by 2%, and brakes by 6%. Operating income was $10.0 million (3.3% of sales), down from $21.4 million (6.7% of sales) in the prior year. The company reported diluted earnings per share of $.15, compared to $.38 in Q3 fiscal 2024.
Monro generated $103 million in operating cash flow for the first nine months of fiscal 2025 and maintained total liquidity of $521 million. The company distributed a quarterly cash dividend of $.28 per share.
Monro Inc. (NASDAQ: MNRO), a leading automotive undercar repair and tire services provider, has announced it will release its fiscal 2025 third quarter earnings on January 29, 2025. The company will host a conference call and audio webcast at 8:30 a.m. Eastern Time on the same day.
Monro operates approximately 1,300 stores and 9,000 service bays nationwide, offering services ranging from oil changes and tire installations to complex vehicle repairs. The company generated nearly $1.3 billion in sales in fiscal 2024 and continues to expand through strategic acquisitions and new store openings.
Monro (Nasdaq: MNRO), an automotive undercar repair and tire services provider, has announced a quarterly cash dividend of $0.28 per share on its outstanding common stock. This dividend also applies to shares of common stock to which Class C Convertible Preferred Stock holders are entitled. The dividend will be paid on December 17, 2024, to shareholders of record as of December 3, 2024.
Monro Inc (Nasdaq: MNRO) announced its participation in the Stephens Annual Investment Conference. Executive VP and CFO Brian D'Ambrosia, along with Senior Director of IR Felix Veksler, will join a Fireside Chat on November 20, 2024, at 2:00 PM CT. The event will be webcast live on Monro's corporate website.
Monro is a leading automotive service and tire provider in the US, offering services from basic maintenance to complex repairs. The company achieved sales of nearly $1.3 billion in fiscal 2024 and operates approximately 1,300 stores with 9,000 service bays nationwide. Their business model combines national retailer professionalism with neighborhood garage convenience.
Monro Inc reported second quarter fiscal 2025 financial results showing a 6.4% decrease in sales to $301.4 million. Comparable store sales declined 5.8%, with batteries showing 20% growth while other categories experienced decreases. The company's operating income was $13.2 million (4.4% of sales), down from $22.4 million (6.9%) in the prior year. Net income decreased to $5.6 million from $12.9 million, with diluted EPS falling to $0.18 from $0.40. The company generated $88 million in operating cash flow during the first half of fiscal 2025 and maintained a strong liquidity position of $529 million.
Monro Inc (Nasdaq: MNRO) announced its participation in the Gabelli Funds 48th Annual Automotive Symposium. The company's leadership team, including CEO Michael T. Broderick, CFO Brian D'Ambrosia, and Senior Director of IR Felix Veksler, will join a Fireside Chat on November 5, 2024, at 11:30 AM PT.
As a leading automotive service provider, Monro operates approximately 1,300 stores and 9,000 service bays nationwide, offering services from oil changes to complex vehicle repairs. The company generated nearly $1.3 billion in sales in fiscal 2024 and continues its national expansion through strategic acquisitions and new store openings.
Monro, Inc. (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, will release its fiscal 2025 second quarter earnings on October 30, 2024. The company will host a conference call and audio webcast at 8:30 a.m. Eastern Time on the same day. Investors can access the call by dialing 1-833-470-1428 with access code 881759. A replay will be available until November 13, 2024, accessible by dialing 1-866-813-9403 with code 278261 or via the company's website.
Monro is a major automotive service and tire provider in the US, offering a range of services from oil changes to complex vehicle repairs. The company generated almost $1.3 billion in sales in fiscal 2024 and operates approximately 1,300 stores with 9,000 service bays nationwide. Monro aims to combine the professionalism of a national retailer with the convenience and trust of a local garage.
Monro, Inc. (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, has announced its participation in the Piper Sandler 2024 Growth Frontiers Conference. Executive VP and CFO Brian D'Ambrosia, along with Senior Director of Investor Relations Felix Veksler, will engage in a Fireside Chat on September 11, 2024, at 11:30 AM CDT.
A live webcast of the event will be accessible through Monro's corporate website. With nearly 1,300 stores and 9,000 service bays nationwide, Monro generated almost $1.3 billion in sales in fiscal 2024. The company continues to expand its national presence through strategic acquisitions and new store openings, offering a wide range of automotive services from basic maintenance to complex repairs.
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