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), a leading automotive undercar repair and tire services provider, will announce its Q4 and fiscal 2025 year-end earnings on May 28, 2025 at 8:30 a.m. Eastern Time. The company will host a conference call accessible via phone (1-833-470-1428, code: 558079) and audio webcast on their investor relations website.
Monro operates over 1,250 stores with 8,500 service bays nationwide, offering services from basic maintenance to complex vehicle repairs. The company generated approximately $1.3 billion in sales in fiscal 2024 and continues to expand through strategic acquisitions and new store openings.
[]Monro (Nasdaq: MNRO) has appointed Peter Fitzsimmons as President and Chief Executive Officer, effective immediately, replacing Michael Broderick. Fitzsimmons, previously Partner and Managing Director of AlixPartners, brings significant automotive industry experience, including serving as CEO of a large automotive collision repair business where he achieved over 25% sales improvement in 2022.
The appointment comes as part of the Board's strategic decision to improve company performance and enhance shareholder value. Fitzsimmons' mandate focuses on developing and executing a performance improvement plan to enhance operations, drive profitability, and increase operating income and shareholder returns.
The company emphasizes its strong financial position, highlighting consistent cash generation, ample liquidity, and a solid balance sheet. Fitzsimmons' appointment is part of a strategic consulting engagement with AlixPartners, LLP and its affiliate AP Services,
Monro, Inc. (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, has announced its participation in the 2025 UBS Global Consumer and Retail Conference. The company's leadership team, including CEO Michael T. Broderick, CFO Brian D'Ambrosia, and Senior Director of IR Felix Veksler, will join a Fireside Chat on March 13, 2025, at 1:00 PM ET.
The event will be accessible via live webcast through Monro's corporate website investor section. As a prominent national automotive service provider, Monro generated nearly $1.3 billion in sales in fiscal 2024. The company operates more than 1,250 stores and 8,500 service bays nationwide, offering services ranging from basic maintenance to complex vehicle repairs. Monro continues to expand through strategic acquisitions and new store openings, combining the professionalism of a national retailer with the trust of a local garage.
Monro Inc (Nasdaq: MNRO), a leading automotive undercar repair and tire services provider, announced its participation in the Bank of America Securities 2025 Consumer & Retail Conference. The company's leadership team, including CEO Michael T. Broderick, CFO Brian D'Ambrosia, and Senior Director of IR Felix Veksler, will join a Fireside Chat on March 11, 2025, at 3:30 PM ET.
The event will be accessible via live webcast through Monro's corporate website investor section. The company, which generated nearly $1.3 billion in sales in fiscal 2024, operates more than 1,250 stores and 8,500 service bays nationwide. Monro combines national retailer professionalism with neighborhood garage convenience, offering services from basic maintenance to complex vehicle repairs.
Monro (Nasdaq: MNRO), an automotive undercar repair and tire services provider, has announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share on the company's outstanding common stock. This dividend also applies to shares of common stock to which holders of the Company's Class C Convertible Preferred Stock are entitled. The dividend will be paid on March 11, 2025, to shareholders of record at the close of business on February 25, 2025.
Monro Inc. (MNRO) has promoted Nick Hawryschuk to Senior Vice President - Operations from his previous role as Vice President - Finance and Operations. In his new position, Hawryschuk will oversee all retail and commercial operations, developing and executing company strategy while reporting to CEO Mike Broderick.
Hawryschuk joined Monro in 2020 as Vice President - Finance and has since taken on expanded responsibilities, including overseeing Finance, Loss Prevention, Operations Support, Fleet and Strategic Accounts, and the Global Call Center. His previous experience includes leadership roles at Xylem Inc., where he led a global finance transformation, and Carestream Health, Inc., where he gained expertise in finance and operations.
Monro Inc. (MNRO) reported its third quarter fiscal 2025 financial results, showing a 3.7% decrease in sales to $305.8 million compared to $317.7 million in the same period last year. The company saw a 0.8% decrease in comparable store sales, marking a 500 basis point improvement from the previous quarter's 5.8% decline.
Notable performance metrics include a 30% increase in battery sales, 13% growth in alignments, and 6% growth in front end/shocks. However, tires decreased by 1%, maintenance services by 2%, and brakes by 6%. Operating income was $10.0 million (3.3% of sales), down from $21.4 million (6.7% of sales) in the prior year. The company reported diluted earnings per share of $.15, compared to $.38 in Q3 fiscal 2024.
Monro generated $103 million in operating cash flow for the first nine months of fiscal 2025 and maintained total liquidity of $521 million. The company distributed a quarterly cash dividend of $.28 per share.