Latest news with #MonroInc
Yahoo
6 days ago
- Business
- Yahoo
Weak Demand Affected Monro's (MNRO) Profitability in Q2
Aristotle Capital Boston, LLC, an investment advisor, released its 'Small Cap Equity Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter started with a risk-off environment from the previous quarter, but later regained momentum driven by broad-based elements. In the second quarter, the strategy delivered a return of 3.25% net of fees (3.41% gross of fees) underperforming the 8.50% total return of the Russell 2000 Index. For more information on the fund's best picks in 2025, please check its top five holdings. In its second quarter 2025 investor letter, Aristotle Capital Small Cap Equity Strategy highlighted stocks such as Monro, Inc. (NASDAQ:MNRO). Headquartered in Rochester, New York, Monro, Inc. (NASDAQ:MNRO) offers automotive undercar repair, and tire sales and services. The one-month return of Monro, Inc. (NASDAQ:MNRO) was 21.36%, and its shares lost 31.11% of their value over the last 52 weeks. On July 22, 2025, Monro, Inc. (NASDAQ:MNRO) stock closed at $16.65 per share, with a market capitalization of $499.024 million. Aristotle Capital Small Cap Equity Strategy stated the following regarding Monro, Inc. (NASDAQ:MNRO) in its second quarter 2025 investor letter: "Monro, Inc. (NASDAQ:MNRO), operates a chain of approximately 1,200 automotive repair and tire retail stores. Ongoing weak demand had weighed on the company's profitability for longer than anticipated and with expectations for continued economic pressures for their core low-income customers, we decided to exit the position." A car in a service bay being inspected by a technician for a routine maintenance service. Monro, Inc. (NASDAQ:MNRO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Monro, Inc. (NASDAQ:MNRO) at the end of the first quarter, which was 21 in the previous quarter. In the fiscal fourth quarter of 2024, Monro, Inc.'s (NASDAQ:MNRO) sales decreased 4.9% to $295 million. While we acknowledge the potential of Monro, Inc. (NASDAQ:MNRO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Monro, Inc. (NASDAQ:MNRO) and shared the list of underperforming stocks targeted by short sellers. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
16-06-2025
- Automotive
- Yahoo
Monro, Inc. Publishes Fifth Annual Environmental, Social, and Governance (ESG) Report
Publication features focus on advancements in digital guest experience, teammate development and energy efficiency. FAIRPORT, N.Y., June 16, 2025--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, has released its fifth annual environmental, social, and governance (ESG) report. The "2025 ESG Report" highlights Monro's ongoing commitment to operational excellence and responsible business practices as the foundation for driving growth, strengthening relationships, and delivering long-term value to stakeholders. "As Monro's new CEO, I'm energized by the opportunity to lead this great organization into the next chapter of the Company's evolution," said Peter D. Fitzsimmons, President and Chief Executive Officer of Monro, Inc. "By doing business the right way, we can continue to build resilience and create value for guests, teammates, and the communities we serve." The report covers the Company's efforts and progress during fiscal year 2025, including: Guest Experience Enhancement: Monro completed the company-wide rollout of its ConfiDrive digital courtesy performance review, improving service transparency and vehicle safety awareness. Teammate Development & Retention: Investments in training, workplace safety, and performance-based compensation supported strong retention among seasoned technicians and fostered a culture of growth. Environmental Progress: Monro made strides toward its 2028 goal of achieving 100% LED lighting across all store locations. Monro's 2025 ESG Report maps to certain metrics of the Sustainability Accounting Standards Board's (SASB) Multiline & Specialty Retailers and Auto Parts industries. The publication is available on Monro's corporate website at About Monro, Inc. Monro, Inc. (NASDAQ: MNRO) is one of the nation's leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires and parts installation, to the most complex vehicle repairs. With a focus on sustainable growth, the Company generated approximately $1.2 billion in sales in fiscal 2025. Monro brings customers the professionalism and high-quality service they expect from a national retailer, with the convenience and trust of a neighborhood garage. Monro's highly trained teammates and certified technicians bring together hands-on experience and state-of-the-art technology to diagnose and address automotive needs every day to get customers back on the road safely. For more information, please visit MNRO-Corp View source version on Contacts Investors and Media: Felix VekslerVice President, Investor Relationsir@ Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
04-06-2025
- Automotive
- Yahoo
Monro closing stores: Muffler, brake, and auto repair chain joins list of retailers shuttering locations in 2025
One of the most popular auto repair and tire shops in America said it will shutter 145 locations across the country by the end of the month. Monro Inc. (Nasdaq: MNRO) announced the move in its fourth-quarter fiscal 2025 results last week. Here's what you need to know about the Monro auto chain closures. This company asked most corporate employees to relocate to Chicago. The majority declined The household auto fleet is a money pit Where are the wildfires in Canada? Maps pinpoint the location of fires and air-quality threats from smoke Monro, sometimes called Monro Muffler Brake, is one of the largest auto repair shops and tire chains in the country. The company operates 1,260 stores across 32 states, according to its most recent financial filings and website. It also has 48 franchised locations. Monro says it generated approximately $1.2 billion in sales from those stores and works on about five million vehicles a year in the U.S. Founded in 1957, Monro became a publicly traded company in 1991. It is listed on the Nasdaq under the ticker 'MNRO.' In recent years, the company has struggled as consumers have cut back on discretionary auto-related spending in the wake of inflationary costs. As noted by CoStar News, those consumers have reduced their purchases of tires and auto services, which typically have higher margins, thus eating into Monro's profits. In March, Monro's board decided a change in leadership was necessary. That change saw Monro's then-CEO Michael Broderick depart the company, replaced by AlixPartners managing director Peter Fitzsimmons. Upon announcing the company's Q4 2025 results—the quarter that ended March 29, 2025—Fitzsimmons announced that Monro would be closing 145 underperforming stores. In its earnings release, the company said it had 'conducted a comprehensive store portfolio review that identified 145 underperforming stores for closure.' It went on to note that all 145 stores would close by the end of Q1 of 2026, which is Monro's current quarter and which closes at the end of this month. However, while Monro says it has identified the closing stores, it has not released a list of which locations are closing. It has also not stated which of its store brands will be affected. Reached for comment by Fast Company, a Monro spokesperson said the retailer's priority at the moment is to ensure that employees impacted by the closures are properly supported. 'We have communicated this news directly with our impacted teammates and are deeply grateful to them for their dedication and commitment to the communities we serve,' the spokesperson said. 'We are focused on supporting our teams through this transition and growing our business by continuing to deliver a five-star customer experience to our guests around the country.' Monro doesn't operate all of its 1,260 stores under a 'Monro' moniker. It has more than a dozen brands: Monro Auto Service and Tire Centers Tire Barn Warehouse Tire Warehouse Ken Towery's Tire & Auto Care Allen Tire Company Monro Commercial Solutions Car-X Tire and Auto Mr. Tire Auto Service Centers Tire Choice Auto Service Centers Free Service Tire Company, Inc. Mountain View Tire & Auto Service Skip's Tire Lloyd's Tire Calabasas Car Care Bud's Tires Monro is also not the only large auto-related chain that is reducing its physical footprint. Late last year, Advanced Auto Parts said it would close 700 of its 5,000 stores. For its most recent quarter, Q4 of fiscal 2025, which ended on March 29, Monro reported $295 million in sales. That was down 4.9% from the $310.1 million in sales during the same quarter a year earlier. However, Monro said that 2025's Q4 had six fewer selling days than 2024's Q4, which contributed to the lower sales number. The company said it had a net loss for Q4 2025 of $21.3 million versus a net gain of $3.7 million for the quarter a year earlier. 'As I reflect on my first eight weeks, I'm pleased with our detailed assessment of the business,' Fitzsimmons said in a statement accompanying the results. 'We have identified four key areas of focus as opportunities for improvement.' Fitzsimmons said he believes the plan will 'drive enhanced profitability' while increasing operating income. Since announcing its Q4 2025 results and store closure plans on May 28, MNRO stock has surged more than 23%. However, the stock is down more than 37% year to date. Over the past 12 months, MNRO shares have fallen 34%. This post originally appeared at to get the Fast Company newsletter:
Indianapolis Star
04-06-2025
- Automotive
- Indianapolis Star
Is Monro Auto Service and Tire Centers closing stores near me? Where to find Indiana locations
Monro Inc. recently announced 145 stores were closing across the U.S. after reporting a 4.9% decrease in sales in the 2025 fiscal year ending March 29, according to the company's latest earnings report released by president and CEO Peter Fitzsimmons. Company leaders identified key areas to boost sales and earnings, including closing the doors to more than 100 "underperforming stores," said Fitzsimmons, a partner and managing director of global consulting firm AlixPartners. Fitzsimmons replaced former president Michael Broderick on March 31. Here's what we know: The Fairport, New York-based company reported sales decreased 6.4% to $1.195 billion from $1.277 billion during the previous 2024 fiscal year, according to the release. Net loss for fiscal 2025 was $5.2 million compared to net income of $37.6 million in the prior year period, the release continues. A look at Monro Auto Service and Tire Centers locations on the company's website on June 4 read: "Monro Auto Service and Tire Centers has 8 Locations in IN." However, only three locations are still listed. An Anderson location redirects to a Fishers Tire Barn Warehouse, which is another brand owned by Monro Inc. Other Indiana locations confirmed closed via by employees, search data or website redirects: One former Central Indiana store manager recalled being told their sales percentages were up 150% year-over-year over the last six months, yet he said Monro Inc. shuttered the store without warning to any of the employees, despite the store earning recognition in 2024. He also noted the company won't rehire any of the employees for three months. Monro Inc. officials did not return IndyStar emails seeking comment or to verify information. A Monro spokesperson told USA TODAY the company was not releasing the full list of the stores slated for closure "at this time." Monro has more than 1,300 locations. More than 1,200 are owned by the company and 48 are franchised, according to information from Monro's website and the Rochester Democrat and Chronicle, part of the USA TODAY Network. Monro Inc. owns several brands with multiple stores throughout the U.S. Those brands include:
Fast Company
03-06-2025
- Automotive
- Fast Company
Monro closing stores: Muffler, brake, and auto repair chain joins list of retailers shuttering locations in 2025
One of the most popular auto repair and tire shops in America said it will shutter 145 locations across the country by the end of the month. Monro Inc. (Nasdaq: MNRO) announced the move in its fourth-quarter fiscal 2025 results last week. Here's what you need to know about the Monro auto chain closures. What is Monro? Monro, sometimes called Monro Muffler Brake, is one of the largest auto repair shops and tire chains in the country. The company operates 1,260 stores across 32 states, according to its most recent financial filings and website. It also has 48 franchised locations. Monro says it generated approximately $1.2 billion in sales from those stores and works on about five million vehicles a year in the U.S. Founded in 1957, Monro became a publicly traded company in 1991. It is listed on the Nasdaq under the ticker 'MNRO.' In recent years, the company has struggled as consumers have cut back on discretionary auto-related spending in the wake of inflationary costs. As noted by CoStar News, those consumers have reduced their purchases of tires and auto services, which typically have higher margins, thus eating into Monro's profits. In March, Monro's board decided a change in leadership was necessary. That change saw Monro's then-CEO Michael Broderick depart the company, replaced by AlixPartners managing director Peter Fitzsimmons. Upon announcing the company's Q4 2025 results—the quarter that ended March 29, 2025—Fitzsimmons announced that Monro would be closing 145 underperforming stores. Monro's closing stores and closure dates identified In its earnings release, the company said it had 'conducted a comprehensive store portfolio review that identified 145 underperforming stores for closure.' It went on to note that all 145 stores would close by the end of Q1 of 2026, which is Monro's current quarter and which closes at the end of this month. However, while Monro says it has identified the closing stores, it has not released a list of which locations are closing. It has also not stated which of its store brands will be affected. Reached for comment by Fast Company, a Monro spokesperson said the retailer's priority at the moment is to ensure that employees impacted by the closures are properly supported. 'We have communicated this news directly with our impacted teammates and are deeply grateful to them for their dedication and commitment to the communities we serve,' the spokesperson said. 'We are focused on supporting our teams through this transition and growing our business by continuing to deliver a five-star customer experience to our guests around the country.' Monro doesn't operate all of its 1,260 stores under a 'Monro' moniker. It has more than a dozen brands: Monro Auto Service and Tire Centers Tire Barn Warehouse Tire Warehouse Ken Towery's Tire & Auto Care Allen Tire Company Monro Commercial Solutions Car-X Tire and Auto Mr. Tire Auto Service Centers Tire Choice Auto Service Centers Free Service Tire Company, Inc. Mountain View Tire & Auto Service Skip's Tire Lloyd's Tire Calabasas Car Care Bud's Tires Monro is also not the only large auto-related chain that is reducing its physical footprint. Late last year, Advanced Auto Parts said it would close 700 of its 5,000 stores. Monro's Q4 2025 results and stock price For its most recent quarter, Q4 of fiscal 2025, which ended on March 29, Monro reported $295 million in sales. That was down 4.9% from the $310.1 million in sales during the same quarter a year earlier. However, Monro said that 2025's Q4 had six fewer selling days than 2024's Q4, which contributed to the lower sales number. The company said it had a net loss for Q4 2025 of $21.3 million versus a net gain of $3.7 million for the quarter a year earlier. 'As I reflect on my first eight weeks, I'm pleased with our detailed assessment of the business,' Fitzsimmons said in a statement accompanying the results. 'We have identified four key areas of focus as opportunities for improvement.' Fitzsimmons said he believes the plan will 'drive enhanced profitability' while increasing operating income. Since announcing its Q4 2025 results and store closure plans on May 28, MNRO stock has surged more than 23%. However, the stock is down more than 37% year to date. Over the past 12 months, MNRO shares have fallen 34%.
