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 Leverages ATD Partnership, Waives Battery Install Changes
Monro, Inc. recently implemented a series of initiatives designed to help customers prepare for winter driving. The company said 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’s guiding principle is to be ready for the customer when they walk
Monro Promotes New Chief Information Officer
Monro, Inc. promoted Cindy Donovan to senior vice president – chief information officer. She is now responsible for developing and implementing Monro’s information technology strategy and long-range implementation plan to further the company’s strategic goals. Donovan joined the company in 2019 as the director of project management and data architecture before receiving two promotions to
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
Monro Reports Most Florida Tire Choice Locations Remain Open
Six of Monro Tire’s Tire Choice Auto Service Center locations in Florida are closed after Hurricane Ian. The remaining 102 stores are fully operational and available to help residents impacted by the hurricane. “We are profoundly thankful that our teammates in the path of Hurricane Ian are accounted for and safe,” says Michael T. Broderick,
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.
Monro, Inc. Publishes 2022 Responsibility Report
Monro, Inc. has released its second annual Corporate Responsibility Report, “Responsibility Drives Monro.Forward.” The report covers Monro’s environmental, social, and governance (ESG) efforts for fiscal year 2022. Monro says the report highlights the actions it is taking every day to care for its teammates and guests to make a positive impact on the communities where
Monro, Inc. Completes Sale of Tires Now Assets to ATD
Monro, Inc. has completed the previously-announced sale of its wholesale tire and distribution assets to American Tire Distributors. Monro’s wholesale tire locations, operating as Tires Now, included seven facilities in Kentucky, North Carolina, South Carolina, and Tennessee which serviced more than 3,500 wholesale customer locations annually. ATD is one of the largest independent suppliers of
ATD to Acquire Monro, Inc.’s Tires Now Distribution Assets
American Tire Distributors (ATD) and Monro, Inc. have entered into a definitive agreement pursuant to which ATD will acquire Monro’s wholesale tire distribution assets, operating under the Tires Now name. Tires Now operates seven facilities across the Southeastern United States, servicing more than 3,500 wholesale customer locations annually. In addition to servicing these wholesale customers,
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
Monro, Inc. Announces Q1 2022 Financial Results
First quarter sales were up 38.4% for a record of $341.8 million, says Monro.
Monro Appoints Matt Henson as Chief HR Officer
The company says Henson brings over 25 years of experience in human resources, leading field-focused human capital management strategies for large retailers.