For the past 18 months same-store sales have grown at Monro Inc., the nation’s third-largest independent tire dealer. And the results so far in July indicate the company could be on track to extend the streak for another quarter.
Two Monro Inc. executives will present at the upcoming 19th Annual Oppenheimer Consumer Growth and E-Commerce Conference in Boston, Mass.
A shorter selling period and drop in tire sales may have sullied the fourth quarter of fiscal 2019 for Monro Inc., but the company still recorded a 6.4% increase in sales for the full year — and crossed the $1.2 billion threshold.
Amazon has added more than 400 Monro Inc. locations in nine states to its brick and mortar tire installation network.That more than doubles the number of service locations involved in the collaboration between Amazon and Monro.
As tire dealers all over the country work to adapt to the pressures of online tire sales, the looming question about Amazon.com Inc. in the market is price.
Monro Inc. will report its fourth quarter and fiscal 2019 earnings on May 21, 2019.
The $600 million credit line Monro Inc. has with eight banks has been amended, and it gives the tire dealer and auto service provider access to an additional $150 million.
The veil has been lifted from a previously disclosed acquisition by Monro Inc. in Louisiana.
Monro Inc. has acquired 13 more locations in Florida, giving it more than 80 stores in the Sunshine State.
Monro Inc. will report earnings from the company's fiscal 2019 third quarter on Jan. 31, 2019.
Jeff Pohlman Tire & Auto Service Inc., a 28-year-old family owned and operated business with five locations in Ohio, has been acquired by Monro Inc.
After rolling out a new good-better-best sales strategy for brake services, Monro Inc. has watched its brake category become a sales leader. In the second quarter of fiscal 2019, brake sales at comparable stores grew 12%. They were up 7% the previous period.
Monro Inc. will report its fiscal 2019 second quarter earnings on Oct. 25, 2018.
Monro Inc.'s tire installation partnership with Amazon.com is expanding to another 330 stores in 10 states.