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, Inc. (NASDAQ: MNRO), a leader in automotive services, will feature Executive VP and CFO Brian D’Ambrosia and Senior Director of Investor Relations Felix Veksler in a Fireside Chat at the UBS Global Consumer and Retail Conference on March 16, 2023, at 8:00 AM ET. A live webcast of the event will be accessible via the Company’s investor relations page. Monro has more than 1,300 stores nationwide, with last fiscal year's sales reaching approximately $1.4 billion. The company emphasizes quality service through a network of certified technicians.
Monro, Inc. (NASDAQ: MNRO), a top provider of automotive undercar repair and tire services, will participate in a Fireside Chat at the Bank of America Securities Consumer & Retail Conference on March 14, 2023, at 1:00 PM ET. Key executives including Michael T. Broderick (CEO), Brian D’Ambrosia (CFO), and Felix Veksler (Investor Relations Director) will represent the company. A live webcast can be accessed via the "Investors" section of their corporate website. Monro generated approximately $1.4 billion in sales for fiscal 2022, showing a commitment to sustainable growth through acquisitions and new store openings across about 1,300 locations.
Monro, Inc. (NASDAQ: MNRO) reported third quarter fiscal 2023 sales of $335.2 million, a decrease of 1.9% year-over-year due to divesting wholesale tire assets that generated $27.7 million in sales last year. Comparable store sales rose 5.6%, driven by a 12% increase in around 300 smaller stores. Diluted EPS was $0.41, adjusted EPS was $0.43. Gross margin decreased by 150 basis points to 33.8% due to a higher mix of tire sales and increased labor costs. The company generated record cash flow of approximately $171 million in nine months and repurchased around 584,000 shares. Monro announced an asset purchase agreement for five new stores expected to add $6 million in annual sales.
Monro, Inc. (NASDAQ: MNRO), a leading automotive service provider, is set to release its fiscal 2023 third quarter earnings on January 25, 2023. A conference call will follow at 8:30 a.m. Eastern Time on the same day. The company generated approximately $1.4 billion in sales in fiscal 2022 and operates around 1,300 stores with 9,000 service bays nationwide. Monro focuses on sustainable growth, expanding its market share through strategic acquisitions and new store openings.
Monro, Inc. (NASDAQ: MNRO) has launched initiatives to enhance customer experiences for winter driving. Key changes include free battery checks and the elimination of installation charges for batteries. The company is also enhancing services with extended store hours, a walk-in oil service option, and a new integration with CARFAX for service history. Moreover, Monro's partnership with American Tire Distributors has boosted tire inventory for winter sales, offering promotions like rebates and free tire installations. This strategic focus is aimed at improving competition and customer engagement.
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.
Monro, Inc. (NASDAQ: MNRO) has secured a new $600 million revolving line of credit, amending its existing credit facility. This amendment alters the interest rate calculation from LIBOR to 0.10% over SOFR and extends the facility's expiration from 2024 to 2027. The funds will be used for refinancing debt, acquisitions, and general corporate purposes. Citizens Bank led the nine-bank group facilitating this extension, reflecting confidence in Monro's financial stability and growth strategy.
Monro, Inc. (NASDAQ: MNRO), a top automotive service provider, will participate in a Fireside Chat at the Stephens Annual Investment Conference on November 16, 2022, at 12:00 PM CT. Key executives, including CEO Michael T. Broderick and CFO Brian D’Ambrosia, will represent the company. A live webcast of the event can be accessed through the Investors section of Monro's corporate website.
In fiscal 2022, Monro achieved approximately $1.4 billion in sales and operates around 1,300 stores nationwide.
FAQ
What is the current stock price of Monro (MNRO)?
What is the market cap of Monro (MNRO)?
What services does Monro, Inc. provide?
Where is Monro, Inc. headquartered?
How many stores does Monro, Inc. operate?
What is Monro’s goal in the markets it serves?
How does Monro support its employees?
What recent partnership has Monro, Inc. announced?
What promotion is Monro offering in collaboration with BFGoodrich Tires?
How can I apply for a job at Monro, Inc.?
What is Monro, Inc.'s financial strategy?
What is Monro, Inc.'s approach to customer service?
