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. (MNRO) reported strong financial results for its second quarter, with sales surging 20.5% to a record $347.7 million. Comparable store sales rose 14.8%, while diluted EPS increased to $.62 from $.38 year-over-year. The company announced plans to acquire 17 new stores in Southern California and Iowa, expected to generate $25 million in annual sales. A cash dividend of $.26 per share was also declared, marking an 18% increase compared to the prior year. Strong performance was noted in service categories like brakes and alignments.
Monro, Inc. (Nasdaq: MNRO) is set to release its fiscal 2022 second quarter earnings on October 27, 2021.
The Company will conduct a conference call and audio webcast at 8:30 a.m. Eastern Time that day.
Interested parties can join the call by dialing 1-877-425-9470 and using passcode 13724098. A replay will be available until November 10, 2021 at 1-844-512-2921, with the same passcode.
Monro, Inc. (Nasdaq: MNRO) has declared a quarterly cash dividend of $0.26 per share on its common stock. This dividend is payable on September 7, 2021 to shareholders of record by the close of business on August 23, 2021. Monro, a key player in automotive undercar repair and tire services, reported $1.1 billion in sales for fiscal 2021 and aims for sustainable growth through strategic acquisitions and new store openings across its 1,300 stores nationwide.
Monro, Inc. (MNRO) reported a strong first quarter for fiscal 2022, achieving record sales of $341.8 million, up 38.4% from the previous year. Comparable store sales soared 34.5%, driven by significant growth in service categories, including a 57% increase in brakes. Diluted EPS rose to $.46 from $.09 year-over-year. Operating income also improved to $27.9 million (8.2% of sales), with operating cash flow of around $63 million. The company opened 30 new stores while maintaining a strong financial position with $17 million in cash and $372 million available on its credit facility.
Monro, Inc. (Nasdaq: MNRO) will announce its fiscal 2022 first quarter earnings on July 28, 2021. A conference call will follow at 8:30 a.m. Eastern Time, accessible by dialing 1-877-425-9470 with passcode 13721510. A replay will be available until August 11, 2021. Monro operates nearly 1,300 stores nationwide, generating $1.1 billion in fiscal 2021 sales and focusing on expanding its services through strategic acquisitions and new store openings.
Monro, Inc. (NASDAQ: MNRO) has appointed Matt Henson as Chief Human Resources Officer, effective immediately. Henson brings over 25 years of HR experience, including significant roles at AutoZone and Bloomin’ Brands. His expertise in talent acquisition and human capital management is expected to enhance Monro's employee engagement and diversity initiatives. CEO Mike Broderick highlighted Henson's alignment with the company's goals to build a high-performing team. Monro aims to leverage Henson's skills to advance its transformation and commitment to operational excellence.
Monro, Inc. (Nasdaq: MNRO) announced its first Corporate Responsibility Report, Monro.Forward Responsibly, covering fiscal year 2021. The report details Monro's commitment to Environmental, Social, and Governance (ESG) initiatives, emphasizing transparency and stakeholder engagement. Highlights include strengthened ESG oversight, enhanced teammate engagement leading to reduced turnover, and initiatives for diversity, community impact, and energy efficiency. Monro aims to continue evaluating ESG metrics in future reports. The 2021 report is accessible on their corporate website.
Monro, Inc. (MNRO) reported a fourth quarter sales increase of 6.8%, totaling $305.5 million, driven by a 9.4% rise in comparable store sales. Diluted EPS improved to $0.35. Fiscal 2021 operating cash flow surged 52% to approximately $185 million. The company increased its Q1 2022 cash dividend by 9% to $0.24 per share and completed the acquisition of 30 California-based stores, estimated to add $45 million in annualized sales. Despite these gains, fiscal 2021 sales fell 10.4% to $1.126 billion, impacted by the pandemic.
Monro, Inc. (Nasdaq: MNRO) will release its fiscal 2021 fourth quarter and full-year earnings on May 20, 2021. The earnings call is scheduled for 8:30 a.m. ET on the same day, with access available via dial-in and webcast. Monro operates 1,293 company stores and provides automotive repair and tire services across 32 states, marking significant growth through acquisitions. The company went public in 1991 and continues to expand its footprint in the automotive service industry.
Monro, Inc. (Nasdaq: MNRO) has appointed Michael Broderick as its new President and CEO, effective April 5, 2021. Broderick brings over 25 years of experience in the automotive aftermarket industry, previously serving at Advance Auto Parts where he drove growth and operational improvements. He aims to enhance Monro's growth strategy while leveraging its strong cash flow and solid balance sheet for expansion opportunities. Interim CEO Robert Mellor will remain as Chairman of the Board, signaling continuity in leadership as Monro seeks to strengthen its market position.
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