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. reports news on its U.S. automotive repair and tire service business, which serves passenger cars, light trucks and vans through retail auto-care locations. Company updates commonly address replacement tires, tire-related services, oil changes, parts installation, undercar repair, brakes, exhaust systems, steering, drivetrain, suspension and wheel alignment.
Recurring MNRO news also includes quarterly financial results, comparable-store sales, gross margin, inventory management, store operations, operational improvement initiatives and cash dividend declarations. Governance and corporate updates have included leadership arrangements, investor conference participation, consulting support for operational improvement and a shareholder rights plan.
Monro, Inc. (NASDAQ: MNRO) reported a 7.4% increase in fourth-quarter sales to $328.0 million compared to $305.5 million last year, with comparable store sales up 1.4%. The fourth-quarter diluted EPS was $.25, down from $.35 year-over-year. The company announced a divestiture of non-core wholesale assets for $105 million and increased its cash dividend by $.02 to $.28 per share. Additionally, a $150 million share repurchase program was authorized. For fiscal 2022, sales rose 20.8% to $1.359 billion.
Monro, Inc. (NASDAQ: MNRO), a leading provider of automotive undercar repair and tire services, is set to announce its fiscal 2022 fourth quarter and year-end earnings on May 19, 2022. An accompanying conference call will take place at 8:30 a.m. Eastern Time on the same day, allowing investors to gain insights into the company’s performance. Monro generated $1.1 billion in sales in fiscal 2021 and continues to expand its market presence and service capabilities with approximately 1,300 stores and 9,000 service bays across the nation.
Monro, Inc. (Nasdaq: MNRO) has declared a quarterly cash dividend of $.26 per share, payable on March 23, 2022 to shareholders of record as of March 9, 2022. The company, a prominent provider of automotive services, reported $1.1 billion in sales in fiscal 2021 and is expanding its national presence through acquisitions and new store openings. With approximately 1,300 stores and 9,000 service bays, Monro aims to provide high-quality auto care while maintaining a sustainable growth focus.
Monro, Inc. (NASDAQ: MNRO) reported a strong third quarter for fiscal 2022, with sales increasing by 20.1% to $341.8 million, exceeding pre-pandemic levels. The company achieved a 13.8% rise in comparable store sales and a diluted EPS of $0.48, compared to $0.20 a year ago. Notably, the gross margin improved to 35.3%, a 150 basis point increase from last year. Additionally, Monro completed the acquisition of 17 stores expected to generate annualized sales of approximately $25 million. The third-quarter dividend was increased by 18% year-over-year to $0.26 per share.
Monro, Inc. (Nasdaq: MNRO), a top automotive service provider, is set to release its fiscal 2022 third quarter earnings on January 26, 2022. The company will hold a conference call at 8:30 a.m. ET on the same day, accessible by calling 1-877-425-9470. A replay will be available from February 9, 2022, via the same number. In fiscal 2021, Monro reported $1.1 billion in sales, operating nearly 1,300 stores nationwide. This indicates a growing market share and a commitment to sustainable growth through strategic acquisitions.
Monro, Inc. (NASDAQ: MNRO) has declared a quarterly cash dividend of $.26 per share, which will be payable on December 21, 2021. Shareholders of record by the close of business on December 7, 2021 will receive this distribution. In fiscal 2021, the company generated $1.1 billion in sales and continues to grow its presence through acquisitions and new store openings across nearly 1,300 locations nationwide.
Monro, Inc. (Nasdaq: MNRO), a prominent automotive service and tire provider, announced that CEO Mike Broderick and CFO Brian D’Ambrosia will present at the Stephens Annual Investment Conference on December 2, 2021, at 3:00 PM CT. The event will be available via live webcast on the company's website and archived for 90 days. In fiscal 2021, Monro generated $1.1 billion in sales, operating nearly 1,300 stores nationwide. With a commitment to quality service and sustainability, the company continues to expand its market presence.
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.