Goodyear Announces Cost Savings Actions
Goodyear said its Q4 results fell short of expectations given a significantly weaker industry backdrop.
Goodyear Reveals Net Sales Increase in Q3 2022 in Investor Letter
The Goodyear Tire & Rubber Company reported results for the third quarter of 2022 in a letter to investors published to its investor relations website. The company hosted an investor call that reviewed financial reports and answered shareholder questions about the company’s future last week. “Uncertainty and volatility have defined our operating environment since the
Bridgestone Releases 3.0 Journey 2022 Corporate Value Report
Bridgestone Corporation has released its latest integrated report, Bridgestone 3.0 Journey 2022 Integrated Report. This report provides a comprehensive understanding of its approach and initiatives aimed at enhancing corporate value over the medium- to long-term, the company says. The Bridgestone Group says it has embarked on its new Bridgestone 3.0 Journey following its “third foundation.”
Nokian Tyres Sets Sales Record in Q1 2021
The Finnish tire manufacturer plans to use its newest winter product, the Nokian Hakkapeliitta 10, to cap a successful year and pave the way for continued growth, according to its financial reports.
Apollo Tyres Sets Goal of $5B in Sales by 2026
Despite a net loss in the first quarter of the fiscal year, Apollo Tyres future-proofed its business in response to the pandemic, its Chairman Onkar Kanwar said at the company’s annual meeting.
Monro Reports 10.4% Sales Decrease for FY 2021
The company says net income for fiscal 2021 was $34.3 million, as compared to $58.0 million in fiscal 2020.
Goodyear Q1 Sales Up 15% From a Year Ago
Goodyear’s first quarter 2021 net income was $12 million compared to a net loss of $619 million a year ago.
Monro Reports 13.6% Q3 Sales Decrease YoY
Monro says comparable store sales were down approximately 8% for tires, 16% for alignments, 17% for front end/shocks, 19% for maintenance services and 21% for brakes compared to the prior year period.
Monro Reports 11% Q2 Loss in Sales
The decline in comparable-store sales was primarily driven by reduced store traffic related to the ongoing COVID-19 pandemic and its negative impact on vehicle miles traveled in the second quarter.
COVID-19 Affects Monro Inc. Q4 Results, Long-Term Strategy
Despite strong sales in fiscal 2020, sales for the fourth quarter decreased 0.4% due to decreased traffic related to the COVID-19 pandemic.
Yokohama Posts 90.4% Operating Profit Loss in Q1
The company posted about a $2.4 million loss in Q1, compared with about $85 million in profit in the same period of the previous year.
Tirescanner Reports 400% Q1 Sales Growth
Tirescanner says its 2020 first-quarter success is due to mobile installation and its approach to delivering customer care.