In the last 12 months, Monro Inc. has added nearly 100 locations to its independent retail and commercial tire dealership. In the last three years, it has added 164 outlets.
As a result, the company finds itself the third largest independent tire dealer on the Modern Tire Dealer 100 list, behind only Reinalt-Thomas Corp. -- you know the company better as Discount Tire and America's Tire -- and TBC Corp., which does business as Tire Kingdom and NTB Tire & Service Centers.
Monro's aggressive growth strategy is surpassed only by Mavis Tire Express Services Corp., which has increased its stores count by 366 in the last three years. Mavis is fourth on the MTD 100 list with 698 retail outlets.
What does Monro have planned in the near future? Find out on Thursday July 25, 2019, when the company releases its fiscal 2020 first-quarter earnings, then hosts a conference call and audio webcast at 8:30 a.m. Eastern Time.
The conference call may be accessed by dialing (877) 425-9470 and using the required passcode 13692510. A replay will be available approximately two hours after the recording through Thursday, Aug. 8, 2019, by dialing (844) 512-2921 and using the required pass code 13692510.
The live conference call and replay can also be accessed via audio webcast at the Investors section of the company’s website: corporate.monro.com.
And if you don't have time to tune in, don't worry: www.moderntiredealer.com will let you know what's going on.
As for the Modern Tire Dealer 100, there are a number of surprises on this year's list. Check out which independent tire dealers made the list -- and who disappeared from the rankings -- in our July issue.