The new $600 million revolving line of credit amends and extends an existing $600 million credit facility and will be used to refinance debt, fund acquisitions and for general corporate purposes.
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November 16, 2022
Comments Off on Citizens leads $600 million credit facility for Monro
The new $600 million revolving line of credit amends and extends an existing $600 million credit facility and will be used to refinance debt, fund acquisitions and for general corporate purposes.
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July 28, 2021
Comments Off on Monro beats sales projections in first quarter
Monro Inc. on Wednesday reported record first-quarter sales, beating analysts’ estimates. For the first quarter ended June 26, the Rochester-based automotive undercar repair company reported a more than 38 percent increase in revenue to $341.8 million. The company attributed the ...
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May 20, 2021
Comments Off on Monro improves bottom line in Q4
Monro Inc. this week reported a fourth-quarter improvement in sales, income and earnings, beating Street estimates. For the quarter ended March 27, the automotive undercar repair and tire services provider posted a 6.8 percent increase in revenue to $305.5 million ...
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March 16, 2021
Comments Off on Monro taps industry veteran as new leader
Monro Inc. has selected an industry veteran as its next president and CEO. Michael Broderick will take the helm of the automotive undercar repair and tire services provider on April 5. He most recently served as executive vice president of ...
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March 10, 2021
Comments Off on Monro acquires California-based tire, service centers
Monro Inc. said Wednesday that it has acquired California-based Mountain View Tire & Service Inc. Financial details of the acquisition were not disclosed. The acquisition includes 30 Mountain View Tire & Auto Service retail stores located in the Los Angeles ...
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January 27, 2021
Comments Off on Monro sales, profits drop in third quarter
Monro Inc. on Wednesday reported a nearly 65 percent drop in third-quarter earnings and a 14 percent drop in sales, driven primarily by significant declines in maintenance and brake services. For the quarter ended Dec. 26, 2020, the Rochester-based undercar ...
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October 28, 2020
Comments Off on Monro sales, earnings down in second quarter
Monro Inc. on Wednesday reported a drop in second-quarter sales and earnings, blaming a reduction in traffic due to COVID-19. For the quarter ended March 27, the Rochester-based automotive undercar repair and tire company reported revenue of $288.6 million, down ...
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August 6, 2020
Comments Off on Monro chief executive resigns
Monro Inc. President and CEO Brett Ponton has resigned from the company and its board of directors effective Aug. 19. Ponton will join ServiceMaster Global Holdings Inc. as CEO on or before Oct. 1. Monro Chairman Robert Mellor has been ...
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July 29, 2020
Comments Off on Monro sales, earnings fall in Q1
Monro Inc. on Wednesday reported a 22 percent drop in sales and an 87 percent plunge in earnings in the first quarter. For the quarter ended March 27, the Rochester-based undercar repair and tire service company reported revenues of $247.1 ...
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May 28, 2020
Comments Off on Monro to close 42 stores, reports Q4 loss
Monro Inc. on Thursday reported a fourth-quarter sales decline, resulting in a $3.8 million net loss, brought about by a mild winter and the COVID-19 pandemic. For the fourth quarter ended March 30, the Rochester-based undercar care specialist reported sales ...
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October 24, 2019
Comments Off on Monro stock stumbles on Q2 earnings report
Monro Inc. shares sank more than 13 percent on Thursday following the Rochester company’s second-quarter earnings announcement. Company stock (Nasdaq: MNRO) was trading at $70.05 in heavy midday trading, down more than $10 from Wednesday’s close at $80.55. For the ...
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July 25, 2019
Comments Off on Monro reports record sales, earnings in Q1
Monro Inc. on Thursday reported record first-quarter sales and earnings, the completion of three acquisitions and announced plans to extend its footprint in Louisiana. For the first quarter ended June 29, the undercar repair company reported a more than 7 ...
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May 30, 2019
Comments Off on Monro expands offices, plans job growth
Monro Inc. is planning to renovate and add space to its Holleder Parkway headquarters, a move that is expected to add up to 26 jobs. Empire State Development will provide up to $300,000 in support of the project through the ...
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March 21, 2019
Comments Off on Monro acquires chain in California
Monro Inc. on Thursday said it will step out of its established footprint with the acquisition of California-based Certified Tire & Service Centers Inc. Financial details of the transaction were not disclosed. With headquarters in Rochester, the automotive undercar service ...
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January 31, 2019
Comments Off on Monro posts record Q3 sales, beats Street estimates
Monro Inc. on Thursday reported record third-quarter sales, beating Street estimates for the third time in four quarters. For the third quarter ended Dec. 29, the Rochester company posted revenues of $310.1 million, a nearly 9 percent increase over the ...
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