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) 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.