Monro, Inc. Reports Earnings Results for the Fourth Quarter Ended March 26, 2021
May 20, 2021 at 07:30 am EDT
Share
Monro, Inc. announced earnings results for the fourth quarter ended March 26, 2021. For the year, the company announced sales was USD 1,125.721 million compared to USD 1,256.524 million a year ago. Operating income was USD 72.238 million compared to USD 101.702 million a year ago. Net income was USD 34.319 million compared to USD 58.024 million a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to USD 1.71 a year ago. For the quarter, sales was USD 305.485 million compared to USD 286.066 million a year ago. Operating income was USD 20.723 million compared to USD 404,000 a year ago. Net income was USD 11.803 million compared to net loss of USD 3.776 million a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to diluted loss per share from continuing operations of USD 0.12 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, as well as a range of routine maintenance services, primarily on passenger cars, light trucks, and vans. The Company provides other products and services for brakes; mufflers and exhaust systems; as well as steering, drive train, suspension, and wheel alignment. The Company's 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 Towery's Tire & Auto Care, Mountain View Tire & Auto Service, and Tire Barn Warehouse. It has approximately 1,299 Company-operated retail stores located in 32 states and over 76 Car-X franchised locations. Its subsidiaries include Monro Service Corporation; Car-X, LLC; and MNRO Holdings, LLC.
MONRO, INC. 
