Monro Inc
monro.comMonro Inc (NASDAQ: MNRO) is a retail automotive repair and tire company that operates company-owned stores and franchised locations across the United States. Revenue comes from transactional sales of tires and automotive services, including oil changes, brake service, alignments, and other undercar repairs, paid directly by retail and commercial customers at the point of service. As of March 29, 2025, Monro operated 1,260 company-owned stores and 47 Car-X franchised locations, plus two retread facilities. The company's service menu targets price-sensitive consumers seeking alternatives to new car dealers, with offerings organized around high-frequency maintenance items and higher-ticket services. On May 23, 2025, Monro's board approved a plan to close 145 underperforming company-operated stores in the first quarter of fiscal 2026. CEO Peter D. Fitzsimmons signed the 10-K filed May 28, 2025. Tire supply is sourced in part through American Tire Distributors, with a direct access arrangement to ATD's nationwide distribution network established via an asset purchase agreement dated May 13, 2022.
Products & Services
Tires (retail and commercial), oil changes (including walk-in and Good/Better/Best package tiers), brake service, wheel alignment, undercar repairs, scheduled maintenance services, tire and service installation packages, and retread services at two facilities.
Revenue Model
Transactional retail and commercial service revenue generated at the store level. Customers pay per visit for tire purchases, oil changes, brake service, alignments, and other undercar repairs. Tire and service packages are sold as bundled offerings. A portion of locations also serve commercial customers, with a higher mix of commercial tire sales at those sites. Franchise royalties are collected from 47 Car-X franchised locations (as of March 29, 2025).
Customers & Markets
Retail consumers driving older vehicles who are price-sensitive relative to new car dealer pricing. A subset of locations serve commercial customers with higher commercial tire volumes. Demand is tied to miles driven, vehicle age, and consumer willingness to spend on maintenance.
Geographic Exposure
United States only, based on filing disclosures. Stores are clustered so that most locations sit within 25 miles of a key inventory store.
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