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), a leader in automotive maintenance and tire services, provides timely updates through this dedicated news hub. Investors and industry observers will find verified press releases, financial reports, and strategic announcements essential for tracking the company's performance in the competitive auto repair sector.
This resource consolidates MNRO's key developments including quarterly earnings, operational expansions, leadership updates, and technological advancements in undercar repair services. Users gain access to primary source materials without speculative commentary, ensuring reliable due diligence capabilities.
The news collection focuses on critical categories: financial results disclosure, store network growth, fleet management innovations, and industry recognition. Each update maintains Monro Inc's commitment to transparency within automotive services, particularly regarding brake systems, tire solutions, and commercial fleet partnerships.
Bookmark this page for structured access to Monro Inc's official communications. Regular visitors benefit from chronological organization of material events affecting MNRO's market position and service offerings.
Monro (NASDAQ: MNRO) announced its financial results for Q4 and fiscal year 2024, ending March 30, 2024. Q4 sales slightly decreased by 0.2% to $310.1 million while comparable store sales grew 0.1% but fell 7.2% when adjusted for days. Despite lower sales, gross margin improved by 210 basis points. Operating income rose to $10.3 million compared to $6.2 million in the previous year, with net income at $3.7 million, up from $0.4 million. Full-year sales declined by 3.7% to $1.277 billion. Operating cash flow for fiscal 2024 was $125 million. The company's Board approved a $0.28 per share cash dividend for Q1 fiscal 2025.
Monro, Inc. (Nasdaq: MNRO) will report its fiscal 2024 fourth quarter and year-end earnings on May 23, 2024. The company will host a conference call and audio webcast on the same day. Monro is a leading automotive service and tire provider with around 1,300 stores nationwide. Generating $1.3 billion in sales in fiscal 2023, Monro focuses on sustainable growth through acquisitions and new store openings.
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