Monro, Inc. Reports Earnings Results for the Third Quarter Ended December 26, 2020
January 27, 2021 at 06:00 pm IST
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Monro, Inc. announced earnings results for the third quarter ended December 26, 2020. For the third quarter, the company announced sales was USD 284.591 million compared to USD 329.281 million a year ago. Operating income was USD 15.688 million compared to USD 31.571 million a year ago. Net income was USD 6.683 million compared to USD 18.880 million a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.56 a year ago. For the nine months, sales was USD 820.237 million compared to USD 970.458 million a year ago. Operating income was USD 51.515 million compared to USD 101.299 million a year ago. Net income was USD 22.516 million compared to USD 61.800 million a year ago. Diluted earnings per share from continuing operations was USD 0.67 compared to USD 1.82 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. 
