Monro Inc Stock Price, News & Analysis

Monro, Inc. (NASDAQ: MNRO), a leader in automotive services, will feature Executive VP and CFO Brian D’Ambrosia and Senior Director of Investor Relations Felix Veksler in a Fireside Chat at the UBS Global Consumer and Retail Conference on March 16, 2023, at 8:00 AM ET. A live webcast of the event will be accessible via the Company’s investor relations page. Monro has more than 1,300 stores nationwide, with last fiscal year's sales reaching approximately $1.4 billion. The company emphasizes quality service through a network of certified technicians.

Monro, Inc. (NASDAQ: MNRO), a top provider of automotive undercar repair and tire services, will participate in a Fireside Chat at the Bank of America Securities Consumer & Retail Conference on March 14, 2023, at 1:00 PM ET. Key executives including Michael T. Broderick (CEO), Brian D’Ambrosia (CFO), and Felix Veksler (Investor Relations Director) will represent the company. A live webcast can be accessed via the "Investors" section of their corporate website. Monro generated approximately $1.4 billion in sales for fiscal 2022, showing a commitment to sustainable growth through acquisitions and new store openings across about 1,300 locations.

Monro, Inc. has declared a quarterly cash dividend of $.28 per share, payable on March 22, 2023 to shareholders on record by March 8, 2023. This leading provider of automotive services generated approximately $1.4 billion in sales during fiscal 2022. Monro continues to grow through strategic acquisitions and new store openings, operating about 1,300 locations with 9,000 service bays nationwide. The company emphasizes high-quality automotive care combining professional service and cutting-edge technology to enhance customer satisfaction.

Monro, Inc. (NASDAQ: MNRO) reported third quarter fiscal 2023 sales of $335.2 million, a decrease of 1.9% year-over-year due to divesting wholesale tire assets that generated $27.7 million in sales last year. Comparable store sales rose 5.6%, driven by a 12% increase in around 300 smaller stores. Diluted EPS was $0.41, adjusted EPS was $0.43. Gross margin decreased by 150 basis points to 33.8% due to a higher mix of tire sales and increased labor costs. The company generated record cash flow of approximately $171 million in nine months and repurchased around 584,000 shares. Monro announced an asset purchase agreement for five new stores expected to add $6 million in annual sales.

Monro, Inc. (NASDAQ: MNRO), a leading automotive service provider, is set to release its fiscal 2023 third quarter earnings on January 25, 2023. A conference call will follow at 8:30 a.m. Eastern Time on the same day. The company generated approximately $1.4 billion in sales in fiscal 2022 and operates around 1,300 stores with 9,000 service bays nationwide. Monro focuses on sustainable growth, expanding its market share through strategic acquisitions and new store openings.

Monro, Inc. (NASDAQ: MNRO) has launched initiatives to enhance customer experiences for winter driving. Key changes include free battery checks and the elimination of installation charges for batteries. The company is also enhancing services with extended store hours, a walk-in oil service option, and a new integration with CARFAX for service history. Moreover, Monro's partnership with American Tire Distributors has boosted tire inventory for winter sales, offering promotions like rebates and free tire installations. This strategic focus is aimed at improving competition and customer engagement.