Monro Inc.'s sales decreased 1.9% to $335.2 million during the company's third quarter due to the sell-off of its "wholesale tire and distribution assets," according to Monro officials. However, Monro's comparable store sales increased by 5.6%,
Goodyear Tire & Rubber Co. will report its fourth quarter and full-year 2022 financial results on Feb. 8. An investor conference call will be held on Feb. 9 at 8:30 a.m. EST.
Hankook & Co. posted a 10.8% increase in year-over-year sales during the first quarter of 2022 thanks to "effective pricing and distribution strategies in major regions," according to company officials.
Bridgestone Corp. achieved a 22.5% year-over-year sales increase and a 5.1% year-over-year operating profit gain during the first three months of 2022.
Toyo Tire Corp. posted a 16% year-over-year sales increase during the first quarter of the year. The company also achieved a 27.3% year-over-year operating income gain during 1Q 2022.
Michelin Group achieved 6.5 billion euros in sales during the first quarter, a 19% year-over-year increase. "Business benefited from a very favorable price-mix effect," according to Michelin officials.