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 (Nasdaq: MNRO), a leader in automotive maintenance and tire services, provides timely updates through this dedicated news hub. Investors and industry observers will find verified press releases, financial reports, and strategic announcements essential for tracking the company's performance in the competitive auto repair sector.
This resource consolidates MNRO's key developments including quarterly earnings, operational expansions, leadership updates, and technological advancements in undercar repair services. Users gain access to primary source materials without speculative commentary, ensuring reliable due diligence capabilities.
The news collection focuses on critical categories: financial results disclosure, store network growth, fleet management innovations, and industry recognition. Each update maintains Monro Inc's commitment to transparency within automotive services, particularly regarding brake systems, tire solutions, and commercial fleet partnerships.
Bookmark this page for structured access to Monro Inc's official communications. Regular visitors benefit from chronological organization of material events affecting MNRO's market position and service offerings.
Monro (Nasdaq: MNRO) has appointed Peter Fitzsimmons as President and Chief Executive Officer, effective immediately, replacing Michael Broderick. Fitzsimmons, previously Partner and Managing Director of AlixPartners, brings significant automotive industry experience, including serving as CEO of a large automotive collision repair business where he achieved over 25% sales improvement in 2022.
The appointment comes as part of the Board's strategic decision to improve company performance and enhance shareholder value. Fitzsimmons' mandate focuses on developing and executing a performance improvement plan to enhance operations, drive profitability, and increase operating income and shareholder returns.
The company emphasizes its strong financial position, highlighting consistent cash generation, ample liquidity, and a solid balance sheet. Fitzsimmons' appointment is part of a strategic consulting engagement with AlixPartners, LLP and its affiliate AP Services,
Monro, Inc. (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, has announced its participation in the 2025 UBS Global Consumer and Retail Conference. 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 March 13, 2025, at 1:00 PM ET.
The event will be accessible via live webcast through Monro's corporate website investor section. As a prominent national automotive service provider, Monro generated nearly $1.3 billion in sales in fiscal 2024. The company operates more than 1,250 stores and 8,500 service bays nationwide, offering services ranging from basic maintenance to complex vehicle repairs. Monro continues to expand through strategic acquisitions and new store openings, combining the professionalism of a national retailer with the trust of a local garage.
Monro Inc (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, announced its participation in the Bank of America Securities 2025 Consumer & Retail Conference. 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 March 11, 2025, at 3:30 PM ET.
The event will be accessible via live webcast through Monro's corporate website investor section. The company, which generated nearly $1.3 billion in sales in fiscal 2024, operates more than 1,250 stores and 8,500 service bays nationwide. Monro combines national retailer professionalism with neighborhood garage convenience, offering services from basic maintenance to complex vehicle repairs.
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.
