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.
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
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
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.
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
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
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
Goodyear’s Q2 Sales Up, Driven By Cooper Purchase
Goodyear’s second-quarter 2021 sales were $4 billion, up 86% from a year ago, and benefitted from higher volumes, increased sales and the Cooper Tire merger.
Monro, Inc. Announces Q1 2022 Financial Results
First quarter sales were up 38.4% for a record of $341.8 million, says Monro.
Yokohama Reports Record-High Sales in Q1 2021
Sales revenue in original equipment tires increased as growth in China more than offset declines in Japan and in North America, the company says.
Cooper Tire Reports 23.3% Q1 Sales Increase Over 2020
The increase in expenses in the first quarter of 2021 included costs associated with the proposed merger with Goodyear.
