MOverview
Monro operates a national chain of auto service and tire centers across the United States, serving drivers through 1,100-plus neighborhood locations staffed by certified technicians. The company provides tire sales and installation, oil changes, brake service, alignments, suspension work, and scheduled maintenance. What sets Monro apart is pairing appointment-free oil changes with traditional scheduling, backed by a 30-day tire guarantee and free brake assessments. The goal is to give drivers convenient, trustworthy auto care close to home.
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About Monro
Industries
Company Size
N/A
Company Stage
IPO
Headquarters
Town of Perinton, New York
Founded
1959
Simplify's take
What believers are saying
- Battery comparable sales rose 8% again in Q2 fiscal 2027.
- Monro’s new credit facility repaid supply-chain financing and simplified near-term liquidity.
- October 2026 comparable sales were flat, showing early stabilization after summer weakness.
What critics are saying
- October 29, 2026 sales fell 1.8%, and Monro lost $1.6 million.
- Ares Capital’s $375 million facility adds floating-rate debt and restrictive dividend covenants through 2030.
- Strategic review failure risks a liquidity squeeze if traffic stays weak and refinancing costs rise.
What makes Monro unique
- Monro’s full-service model captures tires, brakes, and maintenance on one visit.
- ConfiDrive inspections and district-manager coaching lifted sales at 146 stores in 2026.
- Its national footprint spans 1,114 company-operated stores across 32 states and regional brands.
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Funding
Total Funding
$600M
Above
Industry Average
Funded Over
1 Rounds
Benefits
- Flexible Work Hours
Stock Price
Company News
Monro Muffler Brake, Inc. (NASDAQ:MNRO) stock has average target price of $23.00 according to analysts. Monro Muffler Brake, Inc. (NASDAQ:MNRO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.00. A number of brokerages recently commented on MNRO. Weiss Ratings downgraded shares of Monro Muffler Brake from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, September 29th. Zacks Research upgraded Monro Muffler Brake from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Wall Street Zen downgraded shares of Monro Muffler Brake from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Stephens decreased their target price on Monro Muffler Brake from $20.00 to $17.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Finally, Wells Fargo & Company dropped their price target on Monro Muffler Brake from $15.00 to $12.00 and set an "equal weight" rating for the company in a research note on Friday, October 30th. Monro Muffler Brake stock down 3.2%. MNRO stock opened at $10.95 on Friday. The company has a market cap of $343.06 million, a price-to-earnings ratio of -1,093.91, a PEG ratio of 10.05 and a beta of 1.08. The company has a current ratio of 0.48, a quick ratio of 0.16 and a debt-to-equity ratio of 0.48. Monro Muffler Brake has a 12 month low of $10.90 and a 12 month high of $23.91. The firm has a 50-day moving average of $13.16 and a two-hundred day moving average of $15.87. Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The auto parts company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06). Monro Muffler Brake had a net margin of 0.07% and a negative return on equity of 0.35%. The firm had revenue of $283.64 million for the quarter, compared to analysts' expectations of $284.06 million. During the same period in the prior year, the company posted $0.21 earnings per share. Monro Muffler Brake's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts forecast that Monro Muffler Brake will post 0.08 earnings per share for the current fiscal year. Monro Muffler Brake dividend announcement. The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, August 25th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.2%. Monro Muffler Brake's dividend payout ratio is -11,200.00%. Institutional investors weigh in on Monro Muffler Brake. Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Monro Muffler Brake in the 3rd quarter valued at about $77,000. Stillwater Wealth Management Group bought a new position in shares of Monro Muffler Brake in the third quarter valued at approximately $162,000. Baird Financial Group Inc. bought a new position in Monro Muffler Brake during the second quarter worth $207,000. Penn Capital Management Company LLC increased its stake in Monro Muffler Brake by 31.9% in the second quarter. Penn Capital Management Company LLC now owns 62,577 shares of the auto parts company's stock valued at $1,071,000 after purchasing an additional 15,146 shares in the last quarter. Finally, Cygnus Capital Advisors LLC lifted its position in Monro Muffler Brake by 826.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 304,495 shares of the auto parts company's stock worth $5,209,000 after buying an additional 271,615 shares during the last quarter. About Monro Muffler Brake. Monro Muffler Brake, Inc, doing business as Monro, is an automotive service and tire retailer headquartered in Rochester, New York. The company operates service centers across the United States under brands that include Monro Auto Service and Tire, Mr. Tire, Tire Choice, Car-X, and other regional names. Monro provides replacement tires and a broad range of maintenance and repair services for passenger vehicles and light trucks. Its offerings include brake and exhaust work, wheel alignment, steering and suspension repairs, shocks and struts, oil changes, batteries, air-conditioning service, and other preventive maintenance. Founded in 1957 as a single muffler shop in Rochester, the company expanded through organic growth and acquisitions into a nationwide automotive service network. Receive News & Ratings for Monro Muffler Brake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake and related companies with MarketBeat.com's FREE daily email newsletter.
Monro Muffler Brake (NASDAQ:MNRO) posts quarterly earnings results. Monro Muffler Brake (NASDAQ:MNRO - Get Free Report) announced its quarterly earnings data on Thursday. The auto parts company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06), FiscalAI reports. The company had revenue of $283.64 million for the quarter, compared to the consensus estimate of $284.06 million. Monro Muffler Brake had a negative return on equity of 0.35% and a net margin of 0.07%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Here are the key takeaways from Monro Muffler Brake's conference call: * Second-quarter performance weakened: comparable-store sales fell 1.8% to $283.6 million, operating income declined to $2.6 million, and the company reported a $0.05 diluted loss per share versus $0.18 of earnings last year. * Management now expects fiscal 2027 comparable-store sales to be flat to slightly down, with gross margin flat to slightly lower and higher interest expense of $28 million to $32 million following the refinancing. * Operational initiatives showed early traction. Among 146 stores receiving District Manager Toolkit coaching, sales grew by mid-single digits and bottom-line results improved more than 20% year over year; the toolkit is now deployed across a majority of locations. * Marketing and merchandising efforts are supporting customer engagement, including 8% comparable-sales growth in batteries for the second consecutive quarter, year-over-year growth in maintenance services, improved September traffic, and preliminary October comparable sales that were flat. * Monro completed a new four-year, $375 million senior secured credit facility and substantially paid down its supply-chain financing obligations, while its strategic alternatives review remains ongoing with no stated deadline or assurance of a transaction. Monro Muffler Brake price performance. Shares of MNRO stock traded down $0.35 during trading hours on Friday, reaching $11.95. The company's stock had a trading volume of 2,047,024 shares, compared to its average volume of 772,646. Monro Muffler Brake has a fifty-two week low of $11.06 and a fifty-two week high of $23.91. The firm's 50 day simple moving average is $13.29 and its 200-day simple moving average is $16.11. The company has a quick ratio of 0.16, a current ratio of 0.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $373.60 million, a price-to-earnings ratio of -1,193.81, a PEG ratio of 10.25 and a beta of 1.08. Monro Muffler Brake announces dividend. The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Tuesday, August 25th. Monro Muffler Brake's dividend payout ratio (DPR) is currently -11,200.00%. Wall Street analyst weigh in. A number of research firms have recently issued reports on MNRO. Wells Fargo & Company cut their price objective on Monro Muffler Brake from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Friday. Weiss Ratings lowered Monro Muffler Brake from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, September 29th. Zacks Research raised shares of Monro Muffler Brake from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Stephens cut their target price on shares of Monro Muffler Brake from $20.00 to $17.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of Monro Muffler Brake from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.00. About Monro Muffler Brake. Monro Muffler Brake, Inc, doing business as Monro, is an automotive service and tire retailer headquartered in Rochester, New York. The company operates service centers across the United States under brands that include Monro Auto Service and Tire, Mr. Tire, Tire Choice, Car-X, and other regional names. Monro provides replacement tires and a broad range of maintenance and repair services for passenger vehicles and light trucks. Its offerings include brake and exhaust work, wheel alignment, steering and suspension repairs, shocks and struts, oil changes, batteries, air-conditioning service, and other preventive maintenance. Founded in 1957 as a single muffler shop in Rochester, the company expanded through organic growth and acquisitions into a nationwide automotive service network. Receive News & Ratings for Monro Muffler Brake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake and related companies with MarketBeat.com's FREE daily email newsletter.
Monro reports second quarter fiscal 2027 sales down 1.8% as tire comps fall. Monro, Inc. reported second quarter sales of $283.6 million, down 1.8%, as comparable store sales for tires and brakes fell 4% while batteries and maintenance grew. Monro, Inc., the Fairport, New York based provider of automotive repair and tire services, reported results for its fiscal 2027 second quarter ended Sept. 26, 2026. Sales fell 1.8% to $283.6 million from $288.9 million a year earlier, driven entirely by a 1.8% decline in comparable store sales. Comparable store sales rose 8% for batteries and 3% for maintenance services. They fell 2% for alignments, 4% for tires and brakes and 5% for front end and shocks. Monro attributed the decline to lower store traffic, consumers deferring higher-ticket purchases and trading down to lower cost tire alternatives, and self-funded promotions used to drive unit growth in brakes. The company credited its ConfiDrive courtesy inspection process with helping grow average repair orders and supporting the gains in batteries and maintenance. Margins and earnings. Gross margin decreased 50 basis points, mainly from higher occupancy costs as a percentage of sales, partly offset by lower material costs. Operating expenses rose to $97.4 million, or 34.3% of sales, from $90.4 million, or 31.3% of sales, driven largely by a $6.1 million increase in store closing costs net of gains on sales of closed stores, higher labor and marketing costs and higher litigation reserves, partly offset by $7.1 million in lower consultant costs. Operating income was $2.6 million, or 0.9% of sales, compared with $12.8 million, or 4.4% of sales, a year earlier. Adjusted operating income was $4.4 million versus $14.0 million. Monro posted a net loss of $1.6 million, or $.05 per diluted share, compared with net income of $5.7 million, or $.18 per diluted share, in the prior year quarter. Adjusted diluted loss per share was $.01, compared with adjusted diluted earnings per share of $.21. The company closed one store during the quarter and ended the period with 1,114 company-operated stores and 47 franchised locations. Leadership comments. President and Chief Executive Officer Peter Fitzsimmons said the District Manager Toolkit is now deployed across a majority of the store network and that the company maintained its marketing investment during the quarter. "Our initiatives are designed to strengthen our competitive position through cycles like this one and we remain confident that the foundation we are laying today will translate into improved performance as conditions normalize," Fitzsimmons said. First half results. For the first six months of fiscal 2027, sales decreased 3.3% to $570.8 million and comparable store sales fell 1.7%. Net loss was $3.8 million, or $.13 per diluted share, compared with a net loss of $2.4 million, or $.10 per diluted share, a year earlier.
Monro reports quarterly loss. Monro Inc. posted $283.6 million in sales during the second quarter of its fiscal year versus sales of $288.9 million during the same period last year. Oct. 29, 2026 Key highlights. * Monro's second quarter sales declined to $283.6 million from $288.9 million in the prior-year period. * Monro posted a net loss of $1.6 million compared with net i * The company entered into a $375 million credit agreement with Ares Capital, with both facilities maturing in October 2030. Monro Inc. posted $283.6 million in sales during the second quarter of its fiscal year versus sales of $288.9 million during the same period last year. Net loss for Monro's second quarter totaled $1.6 million versus net income of $5.7 million in the same period of the prior year. Comparable store sales increased 8% for batteries and 3% for maintenance services compared to the prior-year period. Meanwhile, comparable store sales decreased 2% for alignments, 4% for tires and brakes and 5% for front/end shocks compared to the prior-year period. Monro reports that its gross margin decreased 50 basis points compared to the prior year period, "primarily from higher occupancy costs as a percentage of sales, which were partially off-set by lower material costs as a percentage of sales." Total operating expenses for the second quarter came to $97.4 million or 34.3% of sales, as compared to $90.4 million - or 31.3% of sales - in the prior-year period. "The increase was primarily driven by a $6.1 million increase in store closing costs, net of gains (losses) on sales of closed stores; $3.4 million of higher costs at continuing locations, primarily front shop labor; $3.2 million of higher marketing costs to support the company's topline; $1.7 million of higher litigation reserve costs and $0.3 million of higher costs related to shareholder matters. "These were partially off-set by $7.1 million of lower costs incurred in connection with consultants related to the company's operational improvement plan, $0.4 million of lower transition costs related to the company's back-office optimization and $0.2 million of lower costs from the closure of 145 underperforming stores in the first quarter of fiscal 2026." Monro's operating income for its fiscal second quarter totaled $2.6 million versus operating income of $12.8 million during the same period last year. During its fiscal second quarter, Monro closed one store and ended the period with 1,114 company-operated stores, plus 47 franchised locations. Executive comments. "Our second quarter comparable store sales declined 1.8%, reflecting an operating environment which continued to challenge the full-service auto aftermarket," says Peter Fitzsimmons, Monro's president and CEO. "This was driven by lower store traffic, consumers that continued to defer higher-ticket spending decisions and traded-down to lower cost alternatives in tires and its use of self-funded promotions to drive unit growth in its brake category. "The effectiveness of our ConfiDrive courtesy inspection process helped us drive average repair order growth in the quarter and it was a key contributor to the comparable store sales gains we saw in batteries and maintenance services," he said. "These results reinforce that Monro's full-service model is a genuine competitive advantage and that when Modern Tire Dealer execute it well, customers respond. The ability to identify a customer's vehicle needs in real time, communicate them clearly and address them with quality and care is what distinguishes a full-service provider and its results in these categories reflect that strength. "The traction we're seeing from our District Manager Toolkit continues to build," says Fitzsimmons. "With the toolkit now deployed across a majority of its store network and its newly established operating efficiency team actively coaching and training in the field, Modern Tire Dealer is seeing early but meaningful bottom-line improvement in a subset of its locations. "Importantly, we maintained our marketing investment during the quarter, even as sales fell short of where we wanted them to be." Credit agreement. On Oct. 23, 2026, Monro entered into a new credit agreement with Ares Capital Corp. providing for $375.0 million in senior secured credit facilities, consisting of a $250 million term loan facility and a $125 million revolving credit facility, both maturing on Oct. 23, 2030, with fees commensurate with a private lending facility. Monro, which is based in Rochester, N.Y., came it at the No. 3 spot on the 2026 MTD 100, published this past July. Watch the best in vehicle service & repair. Join over 167k other industry experts in subscribing You may also like.
Monro, Inc. to participate at the Gabelli funds 50th Annual Automotive Symposium. FAIRPORT, N.Y.-(BUSINESS WIRE)-Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive repair and tire services, today announced that Peter Fitzsimmons, President and Chief Executive Officer, Brian D'Ambrosia, Executive Vice President and Chief Financial Officer, and Felix Veksler, Vice President of Investor Relations, will participate in a Fireside Chat at the Gabelli 50th Annual Automotive Symposium on Tuesday, November 3, 2026 at 2:00 PM PT. A live webcast of the Gabelli event will be available via the "Investors" section of the Company's corporate website (https://corporate.monro.com/investors/events-and-presentations). About Monro, Inc. Monro, Inc. (NASDAQ: MNRO) is one of the nation's leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires and parts installation, to the most complex vehicle repairs. With a focus on sustainable growth, the Company generated approximately $1.2 billion in sales in fiscal 2026. Monro brings customers the professionalism and high-quality service they expect from a national retailer, with the convenience and trust of a neighborhood garage. Monro's highly trained teammates and certified technicians bring together hands-on experience and state-of-the-art technology to diagnose and address automotive needs every day to get customers back on the road safely. For more information, please visit corporate.monro.com. Contacts. Investors and Media: Felix Veksler Vice President, Investor Relations [email protected]
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About Monro
Industries
Company Size
N/A
Company Stage
IPO
Headquarters
Town of Perinton, New York
Founded
1959
Monro is Hiring for 280 Jobs on Simplify!
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