Monro, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Monro, Inc. (NASDAQ: MNRO) has declared a quarterly cash dividend of $.28 per share, payable on December 20, 2022, to shareholders of record as of December 6, 2022. The company reported approximately $1.4 billion in sales for fiscal 2022 and aims for sustainable growth through strategic acquisitions and new store openings. With around 1,300 stores and 9,000 service bays across the U.S., Monro continues to focus on providing high-quality automotive care and services.

Positive

• Declared quarterly cash dividend of $.28 per share.
• Reported approximately $1.4 billion in sales for fiscal 2022.
• Focus on sustainable growth through strategic acquisitions and new store openings.
• Presence of approximately 1,300 stores and 9,000 service bays nationwide.

Negative

• None.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.28 per share on the Company’s outstanding shares of common stock, including the shares of common stock to which the holders of the Company’s Class C Convertible Preferred Stock are entitled. The dividend is payable on December 20, 2022 to shareholders at the close of business on December 6, 2022.

About Monro, Inc.

Monro, Inc. (NASDAQ: MNRO) is one of the nation’s leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires and parts installation, to the most complex vehicle repairs. With a growing market share and a focus on sustainable growth, the Company generated approximately $1.4 billion in sales in fiscal 2022 and continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. Across approximately 1,300 stores and 9,000 service bays nationwide, Monro brings customers the professionalism and high-quality service they expect from a national retailer, with the convenience and trust of a neighborhood garage. Monro’s highly trained teammates and certified technicians bring together hands-on experience and state-of-the-art technology to diagnose and address automotive needs every day to get customers back on the road safely. For more information, please visit www.monro.com.

MNRO-Fin

View source version on businesswire.com: https://www.businesswire.com/news/home/20221122005150/en/

Investors and Media: Felix Veksler

Senior Director, Investor Relations

ir@monro.com

Source: Monro, Inc.

FAQ

What is the dividend amount declared by Monro, Inc. (MNRO)?

Monro, Inc. has declared a dividend of $.28 per share.

When is the dividend payment date for MNRO shareholders?

The dividend is payable on December 20, 2022.

What is the record date for Monro's dividend?

The record date for the dividend is December 6, 2022.

How much revenue did Monro, Inc. generate in fiscal 2022?

Monro, Inc. generated approximately $1.4 billion in sales in fiscal 2022.

How many stores does Monro, Inc. operate?

Monro operates approximately 1,300 stores across the U.S.