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. (NASDAQ: MNRO) is described in its public communications as one of the nation’s leading automotive service and tire providers, with a focus on automotive undercar repair and tire services. The Monro, Inc. (MNRO) news feed on Stock Titan brings together company-issued press releases and other coverage so readers can follow developments affecting this automotive service and tire business.
News about Monro frequently centers on its financial performance and earnings reporting. The company regularly announces dates for quarterly earnings releases and related conference calls and audio webcasts, where it discusses results such as comparable store sales, gross margin trends, operating income, and cash flow. These updates provide insight into how Monro’s store portfolio, undercar repair services, tire sales, and maintenance offerings are performing over time.
Monro’s news flow also includes corporate actions and capital allocation decisions. The company issues press releases when its board of directors declares quarterly cash dividends on its common stock, and it has announced the adoption of a limited-duration shareholder rights plan designed to address significant accumulations of its shares. Leadership and governance developments, such as employment agreements with senior executives or participation in investor conferences and automotive or growth-focused symposiums, are also disclosed through news releases.
For readers tracking MNRO, this news page offers a centralized view of updates related to automotive undercar repair and tire services, financial results, dividends, governance decisions, and strategic initiatives described by the company. Investors, analysts, and others interested in Monro’s business can use this stream of information to monitor how the company communicates its performance improvement plan, store portfolio decisions, merchandising approach, and broader corporate priorities over time.
Monro, Inc. (Nasdaq: MNRO) announced a quarterly cash dividend of $.22 per share on August 18, 2020. This dividend will be paid on September 8, 2020 to shareholders recorded as of August 24, 2020. Monro operates 1,244 stores and other locations across 32 states, providing automotive undercar repair and tire services. Since its inception in 1957, the company has expanded significantly through acquisitions and new store openings. Monro trades on Nasdaq under the symbol MNRO.
Monro, Inc. (Nasdaq: MNRO) announces the resignation of Brett Ponton as President and CEO, effective August 19, 2020. Robert Mellor steps in as Interim CEO while the Board searches for a permanent replacement. Under Mellor's leadership, Monro aims to enhance operational excellence through its Monro.Forward strategy. Leah C. Johnson has been appointed to the Board, bringing extensive experience in corporate communications and marketing. Her appointment strengthens the Board's diversity and expertise, aligning with the company's strategic goals.
Monro, Inc. (Nasdaq: MNRO) announced the successful rollout of tire installation services in collaboration with Amazon.com across all its 1,200+ locations in 32 states. This initiative is part of Monro's Monro.Forward strategy, aimed at enhancing its online presence and customer engagement. Customers purchasing tires from Amazon can now choose the Ship-to-Store option for installation at Monro locations, providing convenience and quality service. This collaboration marks a significant step in Monro's growth and omni-channel service offerings.
Monro, Inc. (Nasdaq: MNRO) reported first-quarter sales of $247.1 million, down 22.1% from last year, driven by a 25.8% decline in comparable store sales due to COVID-19 impacts. Gross margin decreased to 35.4% from 40.4% year-over-year, and diluted EPS fell to $.09 from $.67. The company closed 36 underperforming stores and remains cautious, not issuing fiscal 2021 guidance amid ongoing uncertainty. Despite challenges, Monro completed a collaboration with Amazon for tire installation and amended its credit facility to enhance financial flexibility.
Monro, Inc. (Nasdaq: MNRO), a key player in automotive undercar repair and tire services, announced its participation in the Oppenheimer 20th Annual Consumer Growth Virtual Conference. Scheduled for June 16, 2020 at 2:45 PM ET, the presentation will feature CEO Brett Ponton and CFO Brian D’Ambrosia. A live webcast will be available on the Company’s website and archived for two weeks. Monro operates 1,278 stores across the U.S. and has experienced robust growth through acquisitions and new store openings since its public debut in 1991.
Monro, Inc. (Nasdaq: MNRO) will announce its fiscal 2020 fourth quarter and full-year earnings on May 28, 2020. The company operates a chain of 1,278 stores and has experienced notable growth through acquisitions. A conference call will occur on the same day at 8:30 a.m. Eastern Time, accessible via phone at 1-877-425-9470 or through a webcast on their website. An archive of the call will be available until June 11, 2020.