Monro, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 24, 2022
January 25, 2023 at 12:30 pm
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Monro, Inc. reported earnings results for the third quarter and nine months ended December 24, 2022. For the third quarter, the company reported sales was USD 335.19 million compared to USD 341.78 million a year ago. Net income was USD 13.03 million compared to USD 16.29 million a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.48 a year ago.
For the nine months, sales was USD 1,014.55 million compared to USD 1,031.3 million a year ago. Net income was USD 38.64 million compared to USD 52.95 million a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 1.56 a year ago.
Monro, Inc. is an operator of retail tire and automotive repair stores in the United States. The Company offers replacement tires and tire related services, automotive undercar repair services, and a range of routine maintenance services, primarily on passenger cars, light trucks, and vans. The Company also provides other products and services for brakes; mufflers and exhaust systems, and steering, drive train, suspension, and wheel alignment. The Companyâs retail tire and automotive repair stores operate primarily under the brands Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, Tire Warehouse Tires for Less, Ken Toweryâs Tire & Auto Care, Mountain View Tire & Auto Service, and Tire Barn Warehouse. It has approximately 1,288 Company-operated retail stores located in 32 states and 50 Car-X franchised locations. Its subsidiaries include Monro Service Corporation; Car-X, LLC, and MNRO Holdings, LLC.
MONRO, INC. 
