financial results Archives - Tire Review Magazine
Kumho Tire Improves Profitability in Q2

Kumho Tire’s sales increased by 12.3% year-on-year, thanks to increased sales volumes of premium product lines.

financial results
Monro Reports Q4 Sales Dip, but Says Margins are Strong

Monro’s fiscal year 2023 net income decreased compared to the prior year.

financial results
Goodyear Reports First Quarter 2023 Financial Results

Goodyear expects resumption of growth in Q4 amid weak Q1 results.

Goodyear Lauds Q4 Growth Despite Market Challenges

Goodyear said its Q3 volumes outperformed the industry in both replacement and OE.

Monro Q3 Results: Strength in Tire Sales, Midwest Growth Through Acquisitions

Monro also reported customers trading down to lower priced tires and deferring vehicle maintenance.

financial results
Monro Outlines Results After Divestiture of Wholesale Divison

Monro announced its financial results, which underscored a decrease in sales, but an improvement from approximately 300 of the company’s small or underperforming stores, for its second quarter which ended Sept. 24. “While our topline results do not fully reflect the good work of all of our teammates, we continued to make progress on our

financial results
Goodyear Increases Q2 Sales, Credits Cooper Tire Merger

The Goodyear Tire & Rubber Co. reported a 31% sales increase from a year ago in its second quarter financial results, released last week. In its financial results, Goodyear credited the uptick in sales, which were $5.2 billion in Q2, to the Cooper Tire merger, improvements in price/mix, higher volume and increased sales from other

financial results
Monro CEO Credits ‘Operational Improvements’ for Sales Boost

Monro, Inc. announced financial results for its first quarter, ending June 25, 2022, and reported that sales increased 2.3% to $349.5 million, as compared to $341.8 million for the first quarter of the fiscal year ending March 26, 2022. During the first quarter of fiscal 2023, the company opened three stores and closed four stores.

financial results
Goodyear Delivers Highest-Revenue Q1 in 10 Years

The Goodyear Tire & Rubber Company release its first-quarter financial report Friday reporting a 40% increase in sales from a year ago, with 2022 Q1 sales at $4.9 billion. Goodyear says the increase was driven by the Cooper Tire merger, improvements in price/mix, higher volume and increased sales from other tire-related businesses. “We delivered our

Continental Suspends Production at Plant in Russia

During Continental’s year-end earnings call on Mar. 9, CEO Nikolai Setzer announced that the company would be suspending tire production at its plant in Kaluga in western Russia. Setzer said, “We have made this decision as a result of the war” and promised support for not only the 1,300 employees affected by the closure but

Continental Tire Kaluga Russia Plant
Impressive Gains Have Goodyear Optimistic Despite Inflation

Goodyear Tire & Rubber reported huge gains in 2021, turning last year’s Cooper Tire acquisition into a boost that helped the company achieve a 42% net sales increase over 2020. Despite rising inflation and supply chain challenges plaguing the industry, Goodyear cashed in a cool $17.5 billion. However, Goodyear stock prices dipped by about a

Goodyear Cooper Deal Stock Market
Monro, Inc. Announces Q3 Fiscal 2022 Financial Results

Monro, Inc. announced its third-quarter financial results this week, reporting a 20% increase in sales from $341.8 million compared to $284.6 million for the third quarter of the fiscal year ended March 27, 2021. Growth in the company’s third quarter, which ended December 25, 2021, was attributed to Monro’s strong cash flow, its teammates, and

financial results