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) is described in its public communications as one of the nation’s leading automotive service and tire providers, with a focus on automotive undercar repair and tire services. The Monro, Inc. (MNRO) news feed on Stock Titan brings together company-issued press releases and other coverage so readers can follow developments affecting this automotive service and tire business.
News about Monro frequently centers on its financial performance and earnings reporting. The company regularly announces dates for quarterly earnings releases and related conference calls and audio webcasts, where it discusses results such as comparable store sales, gross margin trends, operating income, and cash flow. These updates provide insight into how Monro’s store portfolio, undercar repair services, tire sales, and maintenance offerings are performing over time.
Monro’s news flow also includes corporate actions and capital allocation decisions. The company issues press releases when its board of directors declares quarterly cash dividends on its common stock, and it has announced the adoption of a limited-duration shareholder rights plan designed to address significant accumulations of its shares. Leadership and governance developments, such as employment agreements with senior executives or participation in investor conferences and automotive or growth-focused symposiums, are also disclosed through news releases.
For readers tracking MNRO, this news page offers a centralized view of updates related to automotive undercar repair and tire services, financial results, dividends, governance decisions, and strategic initiatives described by the company. Investors, analysts, and others interested in Monro’s business can use this stream of information to monitor how the company communicates its performance improvement plan, store portfolio decisions, merchandising approach, and broader corporate priorities over time.
Monro, Inc. (NASDAQ: MNRO) reported a 2.3% increase in Q1 sales to $349.5 million for the period ending June 25, 2022. Comparable store sales rose 2.8%, primarily due to a 15% increase in approximately 300 small stores. However, gross margin fell 180 basis points to 35.0% due to increased technician costs. Net income dropped to $12.5 million from $15.7 million, with diluted EPS at $.37, down from $.46. Monro completed the divestiture of non-core assets for $102 million, boosting cash flow and enhancing focus on retail operations.
Monro, Inc. (NASDAQ: MNRO) will announce its fiscal 2023 first quarter earnings on July 27, 2022. A conference call will follow at 8:30 a.m. Eastern Time on the same day, accessible by dialing 1-844-200-6205 with access code 910290. A replay will be available after the call and can be accessed until August 10, 2022. Monro reported approximately $1.4 billion in sales for fiscal 2022 and operates over 1,300 stores nationwide, focusing on providing automotive services and expanding through strategic acquisitions.
Monro, Inc. (NASDAQ: MNRO) has published its second annual Corporate Responsibility Report, highlighting significant efforts in environmental, social, and governance (ESG) initiatives for fiscal year 2022. The report emphasizes teammate safety and energy efficiency as primary goals. Highlights include diversity initiatives, energy-saving measures, community engagement strategies, and improved cybersecurity. Monro generated approximately $1.4 billion in sales in fiscal 2022, reflecting its commitment to sustainable growth and expanding market presence.
Monro, Inc. has finalized the sale of its wholesale tire and distribution assets to American Tire Distributors (ATD). This transaction includes seven facilities in Kentucky, North Carolina, South Carolina, and Tennessee, servicing over 3,500 customer locations annually. Monro will leverage ATD's distribution network to enhance its retail operations across 1,304 stores in the U.S. The partnership is expected to improve operational efficiencies and reduce environmental impact.
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.