Company Overview Summary

Business Operations

• Industry: Retail automotive tire and repair services in the United States.
• Core Services:
  • Replacement tires and related services.
  • Automotive undercar repair services.
  • Routine maintenance for passenger cars, light trucks, and vans.
  • Additional products/services for:
    • Brakes
    • Mufflers and exhaust systems
    • Steering
    • Drive train
    • Suspension
    • Wheel alignment

Store Network

• Total Stores (as of March 29, 2025): 1,260 retail stores.
  • Brands Operated:
    • Monro Auto Service and Tire Centers (352 stores)
    • Tire Choice Auto Service Centers (341 stores)
    • Mr. Tire Auto Service Centers (311 stores)
    • Car-X Tire & Auto (69 stores)
    • Tire Warehouse Tires for Less (54 stores)
    • Ken Towery’s Tire & Auto Care (34 stores)
    • Mountain View Tire & Auto Service (29 stores)
    • Tire Barn Warehouse (27 stores)
    • Other (43 stores, including acquired stores to be rebranded)
• Additional Facilities:
  • 2 retread facilities.
  • 47 Car-X franchised locations.
• Store Characteristics:
  • Typically free-standing buildings with sales areas, equipped service bays, and parts/tires storage.
  • Most use above-ground electric lifts.
  • Nearly all stores within 25 miles of a “key” store that stocks double the inventory for distribution to nearby stores.

Customer Base & Market

• Vehicles Serviced Annually: Approximately 4.2 million.
• Customer Types: General retail consumers (referred to as "guests") and commercial customers (higher proportion of commercial tires in certain locations).
• Store Service Area: Operates in 32 states.

Financial Highlights

• Revenue (Fiscal 2025): $1.195 billion (decreased 6.4% from prior year).
• Number of Shares Outstanding: ~29.97 million (as of May 16, 2025).
• Employees:
  • Total: approximately 7,360 employees.
  • Field Employees: 7,200.
  • Headquarters: 150.
  • Other offices: 10.
• Market Capitalization:
  • Approximate market value (as of September 28, 2024): $834.2 million.
• Financial Performance (Fiscal 2025):
  • Gross Profit: $417.6 million (~34.9% of sales).
  • Operating Income: $12.6 million (significantly lower than prior year).
  • Net Loss: $5.2 million.
  • Adjusted EPS: $0.48.
  • Sales: $1.195 billion.
  • Income Taxes: Effective rate of 12.4% (favorable compared to prior year).

Strategic and Operational Details

• Focus on enhancing guest experience, offering value, and building a knowledgeable workforce.
• Organic growth driven by store network expansion, greenfield stores, and selective acquisitions (5 acquisitions in last 5 years, none in fiscal 2025).
• Strategic store closures planned (145 underperforming stores scheduled to close in early FY 2026).
• Distribution primarily via partnership with American Tire Distributors (ATD); sourcing of tires mostly through this partner.
• Emphasis on supply chain management, vendor relationships, and cost control.
• Store and regional management supported by extensive training (Monro University) and technology investments.
• Committed to environmental practices, recycling tires, oil, batteries, and reducing waste.
• Maintains a single operating segment, with consolidated financial management.

In summary, Monro, Inc. operates as a major national retailer of automotive tires and repair services with over 1,200 stores, serving approximately 4.2 million vehicles annually and employing around 7,360 people. It generates nearly $1.2 billion in annual revenue, with a focus on customer value, operational efficiency, and strategic growth through store expansion and acquisitions.