Tranche Update on Monro, Inc.'s Equity Buyback Plan announced on May 19, 2022.
January 24, 2024 at 07:30 am EST
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From September 24, 2023 to December 23, 2023, the company has repurchased 1,500,000 shares, representing 4.77% for $44 million. With this, the company has completed the repurchase of 3,701,250 shares, representing 11.46% for $140.85 million under the buyback announced on May 19, 2022.
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. 
