Monro, Inc. Reports Earnings Results for the First Quarter Ended June 24, 2023
July 26, 2023 at 07:30 am EDT
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Monro, Inc. reported earnings results for the first quarter ended June 24, 2023. For the first quarter, the company reported sales was USD 326.97 million compared to USD 349.54 million a year ago. Net income was USD 8.83 million compared to USD 12.48 million a year ago.
Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.37 a year ago.
Monro, Inc. is an operator of retail tire and automotive repair stores in the United States. The Company offers replacement tires and tire related services, automotive undercar repair services, as well as a range of routine maintenance services, primarily on passenger cars, light trucks, and vans. The Company provides other products and services for brakes; mufflers and exhaust systems; as well as steering, drive train, suspension, and wheel alignment. The Company's retail tire and automotive repair stores operate primarily under the brands Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, Tire Warehouse Tires for Less, Ken Towery's Tire & Auto Care, Mountain View Tire & Auto Service, and Tire Barn Warehouse. It has approximately 1,299 Company-operated retail stores located in 32 states and over 76 Car-X franchised locations. Its subsidiaries include Monro Service Corporation; Car-X, LLC; and MNRO Holdings, LLC.
MONRO, INC. 
