Monro

Monro, Inc. engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, Tire Warehouse Tires for Less, Ken Towery’s Tire & Auto Care, Tire Barn Warehouse, and Free Service Tire & Auto Centers. The company was founded by Charles J. August in 1957 and is headquartered in Rochester, NY.

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Monro Inc. reports Q4 challenges but remains optimistic for fiscal 2024

Monro Incorporated's Q4 performance faced challenges from labor cost pressures and customer trade downs, impacting profitability. However, the company remains optimistic about its long-term profitability and outlined a strategy focused on retail store operations and sales growth. Progress in improving corporate governance and a positive outlook for fiscal 2024 present opportunities for the company.

Monro Inc. reports Q1 2024 challenges but sees future opportunities

Monro Inc. faced challenges in Q1 2024 with lower-than-expected sales, but outlined plans to improve earnings and expressed optimism about the future. The company's focus on underperforming stores and store productivity is a key strength, while addressing customer deferrals and inflationary pressures remains a challenge. Opportunities lie in enhancing gross margin, improving regional comp performance, and executing the growth strategy.

Monro reports mid-single digit comp store growth amidst inflation challenges

Monro's Q3 performance reflects growth in comp store sales but challenges from inflationary pressures and margin decline.
The company's strengths lie in customer-focused initiatives, financial resilience, and optimism for future growth.
Challenges include managing inflation impacts, underperforming stores, and gross margin decline.
Opportunities exist in addressing consumer behavior changes, store performance improvements, and strategic investments.

Monro (MNRO) reports Q4 results, outlines growth strategy for FY'24

Monro's Q4 2023 earnings call highlighted a mix of performance results, financial strengths, challenges, and growth opportunities. Despite a decline in profitability, the company remains confident in its long-term prospects and is actively working on improving store performance and profitability. With a clear outlook for fiscal 2024, Monro aims to drive mid-single-digit comp store sales growth and margin improvement.

Monro Inc. reports Q1 challenges, eyes sales rebound and cost control

Monro Inc. faced challenges in Q1 2024 with lower sales impacting margins, but showed resilience with cost control measures.
The company's financial position remains strong, with a focus on improving earnings and managing expenses for fiscal 2024.
Opportunities lie in rebounding sales, margin enhancement, and long-term value creation for shareholders.
CEO Broderick's optimism reflects confidence in Monro's ability to navigate challenges and drive growth.

Monro navigates challenges, expands margins, eyes future growth opportunities

Monro faced challenges in Q2 2024 but demonstrated resilience by expanding gross margin and maintaining profitability through cost reduction measures.
The company's strategic focus on optimizing tire assortment and managing expenses positions it well for future growth and profitability.
Despite market challenges, Monro remains optimistic about its financial outlook, emphasizing value creation for shareholders and a commitment to sustained performance.

Monro Inc. boosts margins amidst sales decline, eyes profitability growth

Monro Inc. navigated a tough Q3 with sales challenges but managed to enhance gross margins and maintain financial strength.
Efforts to control costs and optimize operations are key strengths, while the decline in operating income signals areas for improvement.
Opportunities lie in further cost structure improvements and margin expansion strategies for enhanced profitability.
Overall, Monro's focus on financial stability and efficiency positions it well for future growth and resilience in the market.

Monro reports steady Q4 performance, eyes growth through efficiency

Monro's Q4 performance reflects resilience amidst market challenges, with a focus on efficiency and strategic growth initiatives.
Despite facing headwinds in the tire market, the company's solid financials and proactive measures position it well for future profitability.
By leveraging strengths in scale and industry fundamentals, Monro aims to drive growth through enhanced margins and market share.

Monro (MNRO) reports Q1 earnings decline but eyes profitability growth

Monro (MNRO) navigated challenges of declining sales in Q1 2025 but showcased strengths in gross margin expansion and net income generation. The company aims to enhance profitability, cash flow, and operational efficiency in the upcoming quarters. Analyst inquiries focused on sales trends, margins, and promotional strategies.

Monro Inc. reports Q2 resilience, eyes margin expansion in 2025

Monro Inc. navigated challenges in Q2 2025 with a focus on optimizing operations and financial resilience.
Despite a decline in operating income, the company maintained a strong financial position and cash flow generation.
Executives outlined strategies for margin expansion, cost management, and revenue growth in the coming fiscal year.
Analyst questions addressed key concerns related to consumer behavior shifts and financial outlook for Monro.

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Monro, Inc. engages in the operation of chain stores that provide automotive undercar repair and tire services. It also offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, Tire Warehouse Tires for Less, Ken Towery’s Tire & Auto Care, Tire Barn Warehouse, and Free Service Tire and Auto Centers. The company was founded by Charles J. August in 1957 and is headquartered in Rochester, NY.

Monro missed analysts' estimates on both earnings and revenue. The company's guidance for the current quarter suggests its challenges will continue.

Why Monro Stock Is Down Today

Monro, Inc. (NASDAQ:MNRO ) Q4 2023 Earnings Conference Call May 18, 2023 8:30 AM ET Company Participants Felix Veksler - Senior Director, Investor Relations Michael Broderick - President and Chief Executive Officer Brian D'Ambrosia - Executive Vice President and Chief Financial Officer Conference Call Participants Bret Jordan - Jefferies Group Brian Nagel - Oppenheimer Daniel Imbro - Stephens John Healy - Northcoast Research Operator Good morning, ladies and gentlemen, and welcome to Monro Incorporated's Earnings Conference Call for the Fourth Quarter and Full-Year Fiscal 2023. At this time, all participants are in a listen-only mode.

Monro, Inc. (MNRO) Q4 2023 Earnings Call Transcript

Monro Muffler Brake (MNRO) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.20 per share a year ago.

Monro Muffler Brake (MNRO) Q4 Earnings and Revenues Miss Estimates

ROCHESTER, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO) (“Monro” or the “Company”), a leading provider of automotive undercar repair and tire services, today announced it has entered into an agreement with the holders (the “Class C Holders”) of its Class C Convertible Preferred Stock (the “Class C Preferred Stock”) under which the Class C Preferred Stock will be eliminated (the “agreement”), subject to receipt of shareholder approval. The agreement has been approved by Monro's Board of Dir.

Monro Announces Agreement to Eliminate Class C Preferred Stock

ROCHESTER, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced financial results for its fourth quarter and fiscal year ended March 25, 2023. Fourth Quarter Results2 Sales for the fourth quarter of the fiscal year ended March 25, 2023 (“fiscal 2023”) decreased 5.2% to $310.8 million, as compared to $328.0 million for the fourth quarter of the fiscal year ended March 26, 2022 (“fiscal 2022”). The total sales decli.

Monro, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results

Mister Car Wash

Investors interested in Consumer Services - Miscellaneous stocks are likely familiar with Monro Muffler Brake (MNRO) and Mister Car Wash (MCW). But which of these two stocks is more attractive to value investors?

MNRO or MCW: Which Is the Better Value Stock Right Now?

ROCHESTER, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2023 fourth quarter and year-end earnings on May 18, 2023. The Company will host a conference call and audio webcast on Thursday, May 18, 2023 at 8:30 a.m. Eastern Time. The conference call may be accessed by dialing 1-833-470-1428 and using the required access code of 226325. A replay will be available approximately two hours after the record.

Monro, Inc. to Report Fourth Quarter and Year-End Fiscal 2023 Earnings on May 18, 2023

Monro is a national tire retailer and auto repair parts sales company in the United States. I believe that recent divestitures and expected M&A activity in 2023 could bring beneficial inorganic growth and some balance sheet improvements, which may increase future stock demand.

Monro Expects Gross Margin Enhancement, And Appears Quite Undervalued

ROCHESTER, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that the Company's Board of Directors has appointed Hope B. Woodhouse to the Board, effective immediately. Ms. Woodhouse will serve on the Compensation Committee and the Audit Committee. Monro also announced that Frederick Michael (“Mike”) Danziger has retired from the Board, effective February 3, 2023.

Monro Inc. Appoints Hope B. Woodhouse to Board of Directors

Monro, Inc. (NASDAQ:MNRO ) Q3 2023 Earnings Conference Call January 25, 2023 8:30 AM ET Company Participants Felix Veksler - Senior Director, Investor Relations Michael Broderick - President and Chief Executive Officer Brian D'Ambrosia – Executive Vice President and Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer & Co. Joe Enderlin - Stephens Inc. John Healy - Northcoast Research Partners Bret Jordan - Jefferies Group Operator Good morning, ladies and gentlemen, and welcome to Monro, Inc's Earnings Conference Call for the Third Quarter of Fiscal 2023. At this time, all participants are in a listen-only mode.

Monro, Inc. (MNRO) Q3 2023 Earnings Call Transcript

Monro (MNRO) delivered earnings and revenue surprises of 13.16% and 3.01%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Monro Muffler Brake (MNRO) Tops Q3 Earnings and Revenue Estimates

ROCHESTER, N.Y.--( BUSINESS WIRE )--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced financial results for its third quarter ended December 24, 2022.

Monro, Inc. Announces Third Quarter Fiscal 2023 Financial Results

ROCHESTER, N.Y.--( BUSINESS WIRE )--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2023 third quarter earnings on January 25, 2023. The Company will host a conference call and audio webcast on Wednesday, January 25, 2023 at 8:30 a.m. Eastern Time.

Monro, Inc. to Report Third Quarter Fiscal 2023 Earnings on January 25, 2023

ROCHESTER, N.Y.--( BUSINESS WIRE )--Monro, Inc. (Nasdaq: MNRO) recently implemented a series of initiatives designed to help customers prepare for winter driving. These efforts are part of a forward-looking strategic plan to position the company as a strong competitor in every market across the country.

Monro Waives Battery Installation Charges along with Other Strategic Initiatives

ROCHESTER, N.Y.--( BUSINESS WIRE )--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced a new $600 million revolving line of credit, which amends and extends an existing $600 million credit facility. The amendment changes the current LIBOR interest rate calculation on borrowings to 0.10% over SOFR and extends the original expiration date from 2024 to 2027.

Monro, Inc. Announces Amendment & Extension to Existing Credit Facility

Monro, Inc. to Participate at the Gabelli & Co. Conference

Monro, Inc. (NASDAQ:MNRO ) Q2 2023 Results Earnings Conference Call October 26, 2022 8:30 AM ET Company Participants Felix Veksler - Senior Director, Investor Relations Michael Broderick - President and Chief Executive Officer Brian D'Ambrosia – Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Inc. Brian Nagel - Oppenheimer & Co. Bret Jordan - Jefferies Group John Healy - Northcoast Research Partners Operator Good morning, ladies and gentlemen, and welcome to Monro Inc.'s Earnings Conference Call for the Second Quarter of Fiscal 2023. At this time, all participants are in a listen-only mode.

Monro, Inc. (MNRO) Q2 2023 Results - Earnings Call Transcript

Monro (MNRO) delivered earnings and revenue surprises of 0% and 7.54%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Monro Muffler Brake (MNRO) Q2 Earnings Match Estimates

Monro, Inc. Announces Second Quarter Fiscal 2023 Financial Results

Monro, Inc. to Report Second Quarter Fiscal 2023 Earnings on October 26, 2022

ROCHESTER, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO) announces that six of its Tire Choice Auto Service Center locations in Florida are closed in the wake of Hurricane Ian. The remaining 102 stores are fully operational and available to help residents that have been impacted by the hurricane. “We are profoundly thankful that our teammates in the path of Hurricane Ian are accounted for and safe,” said Michael T. Broderick, president and CEO of Monro. “They did an amazing job taking care

Monro Reports that Majority of Tire Choice Locations in Florida are Now Open

Monro, Inc. (NASDAQ:MNRO) is an auto service and tire provider in the United States that operates more than 1,300 stores and 9,000 service bays nationwide.

Why Monroe Stock Might Still Be a Sell

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RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those expo

Gabelli Funds to Host 46th Annual Auto Symposium October 31st and November 1st

NEW YORK--(BUSINESS WIRE)--Ides Capital Management, LP (together with its affiliates, “Ides”) is a New York-based investment advisor that engages with corporate boards and management teams to drive long-term shareholder value, sustainable change and inclusive outcomes at small and mid-capitalization publicly traded companies. Ides, a long-term shareholder of Monro, Inc. (“Monro” or the “Company”) (NASDAQ: MNRO) is gratified that, on the heels of Ides' “Vote No” campaign, Monro's common sharehol

Monro's Shareholders Vote to Oust Two Incumbent Monro Directors in Response to Ides' “Vote No” Campaign

ROCHESTER, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO) (Monro or the “Company”), a leading provider of automotive undercar repair and tire services, today announced that, at its 2022 Annual Meeting of Shareholders (the “Annual Meeting”), a majority of Monro's director slate received a majority of the votes cast. Two Monro directors received less than a majority of the votes cast. Shareholders also approved all of the Company's other proposals submitted for a vote at the Annual Meeting. Th

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