Monro Inc Stock Price, News & Analysis

Monro, Inc. (NASDAQ: MNRO) will present at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on Tuesday, June 14, 2022, at 9:00 AM ET. Brian D’Ambrosia, Executive Vice President and CFO, along with Felix Veksler, Senior Director of Investor Relations, will represent the company. A live webcast will be available on the company’s corporate website, and it will be archived for 90 days. Monro generated approximately $1.4 billion in sales in fiscal 2022 and continues to expand its presence with over 1,300 stores nationwide.

American Tire Distributors (ATD) and Monro, Inc. (MNRO) announced a definitive agreement for ATD to acquire Monro's wholesale tire distribution assets, known as Tires Now, for $105 million. The transaction includes an upfront payment of $65 million and $40 million based on future tire purchases. This deal strengthens ATD’s supply chain capabilities and supports Monro’s focus on retail expansion. The acquisition is expected to close by the end of Q2 2022, pending regulatory approvals.

Monro, Inc. (NASDAQ: MNRO) reported a 7.4% increase in fourth-quarter sales to $328.0 million compared to $305.5 million last year, with comparable store sales up 1.4%. The fourth-quarter diluted EPS was $.25, down from $.35 year-over-year. The company announced a divestiture of non-core wholesale assets for $105 million and increased its cash dividend by $.02 to $.28 per share. Additionally, a $150 million share repurchase program was authorized. For fiscal 2022, sales rose 20.8% to $1.359 billion.

Monro, Inc. (NASDAQ: MNRO), a leading provider of automotive undercar repair and tire services, is set to announce its fiscal 2022 fourth quarter and year-end earnings on May 19, 2022. An accompanying conference call will take place at 8:30 a.m. Eastern Time on the same day, allowing investors to gain insights into the company’s performance. Monro generated $1.1 billion in sales in fiscal 2021 and continues to expand its market presence and service capabilities with approximately 1,300 stores and 9,000 service bays across the nation.

Monro, Inc. (Nasdaq: MNRO) has declared a quarterly cash dividend of $.26 per share, payable on March 23, 2022 to shareholders of record as of March 9, 2022. The company, a prominent provider of automotive services, reported $1.1 billion in sales in fiscal 2021 and is expanding its national presence through acquisitions and new store openings. With approximately 1,300 stores and 9,000 service bays, Monro aims to provide high-quality auto care while maintaining a sustainable growth focus.

Monro, Inc. (NASDAQ: MNRO) reported a strong third quarter for fiscal 2022, with sales increasing by 20.1% to $341.8 million, exceeding pre-pandemic levels. The company achieved a 13.8% rise in comparable store sales and a diluted EPS of $0.48, compared to $0.20 a year ago. Notably, the gross margin improved to 35.3%, a 150 basis point increase from last year. Additionally, Monro completed the acquisition of 17 stores expected to generate annualized sales of approximately $25 million. The third-quarter dividend was increased by 18% year-over-year to $0.26 per share.

Monro, Inc. (Nasdaq: MNRO), a top automotive service provider, is set to release its fiscal 2022 third quarter earnings on January 26, 2022. The company will hold a conference call at 8:30 a.m. ET on the same day, accessible by calling 1-877-425-9470. A replay will be available from February 9, 2022, via the same number. In fiscal 2021, Monro reported $1.1 billion in sales, operating nearly 1,300 stores nationwide. This indicates a growing market share and a commitment to sustainable growth through strategic acquisitions.

Monro, Inc. (NASDAQ: MNRO) has declared a quarterly cash dividend of $.26 per share, which will be payable on December 21, 2021. Shareholders of record by the close of business on December 7, 2021 will receive this distribution. In fiscal 2021, the company generated $1.1 billion in sales and continues to grow its presence through acquisitions and new store openings across nearly 1,300 locations nationwide.

Monro, Inc. (Nasdaq: MNRO), a prominent automotive service and tire provider, announced that CEO Mike Broderick and CFO Brian D’Ambrosia will present at the Stephens Annual Investment Conference on December 2, 2021, at 3:00 PM CT. The event will be available via live webcast on the company's website and archived for 90 days. In fiscal 2021, Monro generated $1.1 billion in sales, operating nearly 1,300 stores nationwide. With a commitment to quality service and sustainability, the company continues to expand its market presence.