Monro, Inc.
- Open
- 17.27
- Day high
- 17.27
- Day low
- 16.72
- Prev close
- 16.79
- Volume
- 100K
- Mkt cap
- $505M
- P/E (TTM)
- 420.4
- EPS (TTM)
- $0.04
- P/B
- 0.9
- P/S
- 0.4
- Yield
- 6.66%
- Per share
- $1.12
Monro, Inc. (MNRO) is a Consumer Cyclical company listed on NASDAQ. The stock is up 13% over the past year.
Monro, Inc. (MNRO) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MNRO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 27, 2026 | $-0.04 | $-0.16 | -300.0% | $274M | -3.4% |
| Jan 28, 2026 | $0.12 | $0.16 | +33.3% | $293M | +2.9% |
| Oct 29, 2025 | $0.18 | $0.21 | +16.7% | $289M | -2.3% |
| Jul 30, 2025 | $0.17 | $0.22 | +29.4% | $301M | +0.7% |
| May 28, 2025 | $0.09 | $-0.09 | -200.0% | $295M | -3.7% |
| Jan 29, 2025 | $0.28 | $0.19 | -32.1% | $306M | +6.0% |
| Oct 30, 2024 | $0.26 | $0.17 | -34.6% | $301M | +0.4% |
| Jul 31, 2024 | $0.01 | $0.22 | +3566.7% | $293M | -0.1% |
| May 23, 2024 | $0.34 | $0.21 | -38.2% | $310M | -3.2% |
| Jan 24, 2024 | $0.39 | $0.39 | +0.0% | $318M | -1.7% |
| Oct 25, 2023 | $0.40 | $0.41 | +2.5% | $322M | -3.0% |
| Jul 26, 2023 | $0.38 | $0.31 | -18.4% | $327M | -1.6% |
MNRO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 23, 2026 | Mulholland Maureenofficer: Executive VP-CLO and Secretary | Tax | 393 | — |
| Jun 23, 2026 | Donovan Cindyofficer: Sr. VP - CIO | Tax | 175 | — |
| Jun 23, 2026 | D'Ambrosia Brianofficer: Executive Vice President & CFO | Tax | 459 | — |
| Jun 23, 2026 | Hawryschuk Nicholas Pofficer: Senior VP of Operations | Tax | 1,274 | — |
| Jun 23, 2026 | D'Ambrosia Brianofficer: Executive Vice President & CFO | Tax | 2,548 | — |
| Jun 23, 2026 | Chang Kathryn M.officer: Senior VP - Merchandising | Tax | 637 | — |
| Jun 23, 2026 | Hawryschuk Nicholas Pofficer: Senior VP of Operations | Tax | 132 | — |
| Jun 23, 2026 | SOLOMON PETER Jdirector | Grant | 592,158 | — |
| Jun 23, 2026 | SOLOMON PETER Jdirector | Grant | 612,750 | — |
| Jun 23, 2026 | Mulholland Maureenofficer: Executive VP-CLO and Secretary | Tax | 1,911 | — |
| Jun 23, 2026 | Donovan Cindyofficer: Sr. VP - CIO | Tax | 637 | — |
| May 26, 2026 | Mulholland Maureenofficer: Executive VP-CLO and Secretary | Grant | 10,533 | — |
| May 26, 2026 | Hawryschuk Nicholas Pofficer: Senior VP of Operations | Grant | 7,022 | — |
| May 26, 2026 | Mulholland Maureenofficer: Executive VP-CLO and Secretary | Grant | 16,483 | — |
| May 26, 2026 | Chang Kathryn M.officer: Senior VP - Merchandising | Grant | 5,494 | — |
Source: MNRO SEC Form 4 filings, latest Jun 23, 2026. For informational purposes only — not investment advice.
See the full MNRO insider & 13F page →Monro, Inc. company profile
Overview
Monro, Inc. (NASDAQ:MNRO) is a leading automotive aftermarket service provider that has been serving American drivers since 1957. Founded in Rochester, New York, the company began as a small muffler shop and has grown through decades of expansion and strategic acquisitions to become one of the largest automotive service chains in the United States. Today, Monro operates over 1,300 company-owned stores across 32 states under multiple brand names, providing essential automotive maintenance and repair services to millions of customers annually. The company has evolved from its original focus on mufflers and exhaust systems to become a comprehensive automotive service provider, offering everything from tire sales and installation to routine maintenance and complex undercar repairs.
Business
Monro operates in the automotive aftermarket industry, which encompasses the maintenance, repair, and enhancement of vehicles after they leave the original manufacturer. This industry serves a critical need as vehicles age and require ongoing maintenance to remain safe and operational. The automotive aftermarket is generally considered recession-resistant because vehicle maintenance is largely non-discretionary - drivers must maintain their vehicles regardless of economic conditions. The company's core business revolves around undercar repair services and tire sales and installation. Undercar services include brake system repairs, muffler and exhaust system maintenance, steering and suspension work, drive train services, and wheel alignment. These services are essential for vehicle safety and performance, as components like brakes and steering systems are critical safety features that must be properly maintained. Monro's tire business encompasses the sale and installation of replacement tires across multiple price tiers. The company offers what it calls a "good, better, best" tire assortment, with Tier 1 representing premium brands, Tier 2 covering mid-range options, and Tier 3 focusing on value-oriented products. Approximately 30% of tire sales currently come from the lower-cost Tier 3 category, reflecting consumer price sensitivity. The company also provides routine maintenance services including oil changes, battery replacement, and preventive maintenance inspections. These services generate recurring revenue as they need to be performed regularly throughout a vehicle's lifecycle. Monro has developed a digital inspection system called ConfiDrive that helps technicians identify additional service needs during routine visits, potentially increasing the average transaction value per customer. Monro operates under several well-known brand names including Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. Tire Auto Service Centers, Car-X Tire & Auto, and several regional brands. This multi-brand strategy allows the company to maintain local market recognition while achieving operational scale.
Revenue model
Monro generates revenue primarily through direct service sales to individual consumers who bring their vehicles to company-owned locations. The business model is straightforward: customers pay for parts and labor when they need automotive maintenance or repairs. Revenue comes from two main sources: product sales (primarily tires and automotive parts) and service fees (labor charges for installation and repairs). The company's customers are individual vehicle owners who need maintenance and repair services. Unlike some automotive businesses that focus on commercial fleets or wholesale distribution, Monro serves the retail consumer market. The typical customer visits a Monro location when they need tire replacement, brake service, oil changes, or other routine maintenance. Monro's profitability depends heavily on several key factors. Labor productivity is crucial since much of the work is service-based, and the company must efficiently schedule technicians and manage labor costs. Material costs significantly impact margins, particularly for tires where wholesale prices can fluctuate based on manufacturing costs, tariffs, and supply chain dynamics. The company has faced pressure from rising material costs and has had to balance competitive pricing with margin preservation. Consumer spending patterns greatly influence the business, as customers may defer maintenance during economic downturns or trade down to lower-priced tire options. The company has observed significant consumer migration toward Tier 3 (value) tires, which typically carry lower margins than premium products. Seasonal factors also affect demand, with tire sales typically stronger in fall and spring as customers prepare for winter or summer driving conditions. The company's margins can be enhanced by increasing service attachment rates - selling additional services during tire installation visits. The ConfiDrive digital inspection system is designed to identify additional service needs, potentially increasing the average ticket size. Conversely, intense competition in the automotive service industry and the availability of alternative service providers can pressure pricing and margins.
Competitive moat
Monro's competitive position relies primarily on convenience and local market presence rather than strong structural advantages. The company's network of over 1,300 locations provides geographic coverage that offers convenience to customers, but this convenience-based moat is relatively weak as it can be replicated by competitors with sufficient capital investment. The automotive aftermarket service industry is highly fragmented and competitive. Monro competes against national chains like Valvoline Instant Oil Change, Jiffy Lube, and Discount Tire, as well as countless independent service providers, dealership service departments, and quick-lube operators. The barriers to entry are relatively low - a competitor needs mechanical expertise, basic equipment, and a service location to enter the market. Brand recognition provides some advantage in local markets where Monro's various brand names are established, but this advantage is limited and varies significantly by geographic region. The company's multiple brand strategy helps maintain local market identity but doesn't create strong differentiation from competitors offering similar services. The company's scale provides some operational advantages in purchasing power for tires and parts, and allows for centralized training and operational systems. However, these scale benefits are not unique - other large chains enjoy similar advantages, and many independent operators can access competitive pricing through buying groups and distributors. The most significant competitive threat comes from the industry's structural characteristics: low switching costs for customers, commodity-like services, and the ability for new entrants to compete effectively on price and convenience. Additionally, some automotive maintenance is shifting toward dealerships as vehicles become more complex, and the eventual transition to electric vehicles may reduce demand for traditional services like oil changes and exhaust system repairs. Monro's moat is therefore relatively narrow, dependent primarily on location convenience and operational execution rather than strong structural competitive advantages.
Risks & safety
Monro's financial position presents significant concerns regarding margin of safety, with several red flags indicating potential financial stress. **Overall Assessment:** The company faces material solvency risks with negative working capital and deteriorating profitability. **Liquidity and Solvency:** - Current ratio of 0.53 indicates severe working capital deficit - Quick ratio of 0.18 shows very poor short-term liquidity - Cash position of only $20.8 million against $524.3 million in current liabilities - Debt-to-equity ratio of 0.85 represents significant leverage - Free cash flow of $105.6 million for fiscal 2025 provides some cushion but may not be sustainable given operating challenges **Valuation Metrics:** - Trading at 0.77x book value suggests market skepticism - Negative earnings in fiscal 2025 make P/E ratio meaningless - EV/EBITDA of 12.0x based on fiscal 2025 EBITDA of $82.4 million - Graham Net-Net value deeply negative at -29.5, indicating assets insufficient to cover liabilities **Other Considerations:** - Company planning to close 145 underperforming stores, indicating operational challenges - Gross margin pressure from material costs and consumer trade-down to lower-margin products - Negative return on equity of -0.8% in fiscal 2025 - Declining revenue trend over recent years
Recent development
Over the past few years, Monro has undergone significant strategic changes under new leadership. In fiscal 2025, the company appointed Peter Fitzsimmons as CEO, who immediately initiated a comprehensive review of operations and identified four key improvement areas. The most significant development is the store portfolio optimization strategy, which involves closing 145 underperforming stores in fiscal 2026. These stores represent approximately 5% of total sales but were dragging down overall profitability. This represents a major strategic shift from expansion to optimization, focusing on improving returns from the existing footprint rather than growing store count. Monro has invested heavily in digital technology with the rollout of the ConfiDrive Digital Courtesy Inspection Process across all locations. This system allows technicians to conduct comprehensive 32-point vehicle inspections and identify additional service opportunities, potentially increasing average transaction values and improving customer service quality. The company has also shifted its customer acquisition strategy, moving away from broad-based marketing toward targeting high-value customers who generate significantly higher profit margins. Management indicated that their most valuable customers generate 25 times more profit than average customers, leading to a more focused marketing approach. In response to challenging market conditions, Monro has implemented various promotional strategies including manufacturer-funded tire promotions, service coupons, and "Buy 3 Tires, Get 1 Free" offers. The company has also simplified its tire assortment and strengthened supplier partnerships to prepare for potential tariff-related cost increases. Operational improvements have focused on labor productivity and technician efficiency. The company has worked to optimize staffing levels and improve service delivery consistency across its network. These efforts have helped partially offset margin pressure from rising material costs and competitive pricing pressures.
MNRO company profile · for informational purposes only — not investment advice.
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