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), a leading 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 holders of the Company's Class C Convertible Preferred Stock are entitled. The dividend will be paid on September 10, 2024, to shareholders of record at the close of business on August 27, 2024. This announcement demonstrates Monro's commitment to providing returns to its shareholders and reflects the company's financial stability.
Monro, Inc. (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, has announced its participation in the J.P. Morgan Auto Conference. Executive VP and CFO Brian D'Ambrosia, along with Senior Director of Investor Relations Felix Veksler, will engage in a Fireside Chat on August 7, 2024, at 3:05 PM ET. The event will be live-streamed on Monro's corporate website.
Monro is a major player in the automotive service industry, offering a wide range of services from oil changes to complex vehicle repairs. The company reported sales of almost $1.3 billion in fiscal 2024 and operates approximately 1,300 stores with 9,000 service bays nationwide. Monro combines the professionalism of a national retailer with the convenience of a neighborhood garage, focusing on sustainable growth and expanding its market presence through strategic acquisitions and new store openings.
Monro, Inc. (NASDAQ: MNRO) reported its Q1 fiscal 2025 financial results. Key highlights include:
- Sales decreased 10.3% to $293.2 million
- Comparable store sales decreased 9.9%
- Gross margin expanded 220 basis points
- Diluted EPS of $0.19; Adjusted diluted EPS of $0.22
- Generated $26 million in operating cash flow
- Paid quarterly dividend of $0.28 per share
The company saw improvements in tire and battery sales in June, and expects recently implemented initiatives to drive growth in Q2. Monro ended the quarter with 1,284 company-operated stores and 51 franchised locations.
Monro, Inc. (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, will release its fiscal 2025 first quarter earnings on July 31, 2024. The company will host a conference call and audio webcast at 8:30 a.m. Eastern Time on the same day. Monro generated almost $1.3 billion in sales in fiscal 2024 and continues to expand its national presence through strategic acquisitions and new store openings.
With approximately 1,300 stores and 9,000 service bays nationwide, Monro offers customers professional service with the convenience of a neighborhood garage. The company's trained technicians use state-of-the-art technology to diagnose and address automotive needs.
Monro (Nasdaq: MNRO) has published its fourth annual ESG report for fiscal year 2024, emphasizing its commitment to environmental, social, and governance factors. Key highlights include the completion of its first ESG materiality analysis, enhanced Teammate engagement and safety programs, and a community engagement strategy. Notably, the company has made strides towards achieving 100% LED lighting in stores by 2028. CEO Mike Broderick stressed that these initiatives are designed to build a resilient and sustainable Monro, creating value for all stakeholders. The full report is available on Monro’s corporate website.
Monro (Nasdaq: MNRO), a leading automotive undercar repair and tire service provider, announced participation in the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference on June 12, 2024. Brian D’Ambrosia, CFO, and Felix Veksler, Senior Director of Investor Relations, will represent Monro in a Fireside Chat at 9:45 AM ET. A live webcast will be available on Monro's corporate website.
Monro generated approximately $1.3 billion in sales in fiscal 2024 through strategic acquisitions and new store openings. The company operates around 1,300 stores and 9,000 service bays nationwide, combining professional service with neighborhood trust.
Monro (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, announced that key executives will participate in the 2024 RBC Capital Markets Consumer Day on June 6, 2024. The event will feature a Fireside Chat at 10:40 AM ET, with participants including Michael T. Broderick (CEO), Brian D’Ambrosia (CFO), and Felix Veksler (Senior Director of Investor Relations). Monro generated nearly $1.3 billion in sales in fiscal 2024 and continues to grow through strategic acquisitions and new store openings. The live webcast will be available on Monro's website.
Monro (NASDAQ: MNRO) announced its financial results for Q4 and fiscal year 2024, ending March 30, 2024. Q4 sales slightly decreased by 0.2% to $310.1 million while comparable store sales grew 0.1% but fell 7.2% when adjusted for days. Despite lower sales, gross margin improved by 210 basis points. Operating income rose to $10.3 million compared to $6.2 million in the previous year, with net income at $3.7 million, up from $0.4 million. Full-year sales declined by 3.7% to $1.277 billion. Operating cash flow for fiscal 2024 was $125 million. The company's Board approved a $0.28 per share cash dividend for Q1 fiscal 2025.
Monro, Inc. (Nasdaq: MNRO) will report its fiscal 2024 fourth quarter and year-end earnings on May 23, 2024. The company will host a conference call and audio webcast on the same day. Monro is a leading automotive service and tire provider with around 1,300 stores nationwide. Generating $1.3 billion in sales in fiscal 2023, Monro focuses on sustainable growth through acquisitions and new store openings.
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