Monro posted a negative 475% earnings miss on deteriorating consumer spending, as store traffic fell and customers traded down to cheaper tires and deferred major repairs like brakes and batteries. The auto service retailer reported a loss of $0.09 per share versus expectations of $0.024, while closing 145 underperforming stores weighed on a 4.6% revenue decline year-over-year despite a narrow beat on the top line at $287.13 million.
Monro :
MNRO
MNRO
Stock Data
$12.73
$0.32 (2.58%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
AUTO PARTS
Monro Inc specializes in automotive undercar repair and tire services across the United States. It caters to passenger cars, light trucks, and vans, offering replacement tires, tire-related services, and various undercar repairs. The company's portfolio also includes maintenance services for brakes, mufflers, exhaust systems, and steering components. Monro operates through several brand names, including Monro Auto Service and Tire Centers, Mr. Tire Auto Service Centers, and Tire Warehouse Tires for Less, among others. Founded in 1957, Monro is headquartered in Rochester, New York, emphasizing quality service and customer satisfaction.
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