Monro Inc., one of America’s largest automotive service companies, is closing 145 stores across the US due to a 4.9% decrease in sales in its 2025 fiscal year. The company reported a net loss of $5.2 million compared to a net income of $37.6 million in the previous year. Monro will shut down underperforming stores, aiming to boost sales and earnings by improving customer experience, selling effectiveness, and increasing merchandising productivity.
Monro has over 1,300 locations across the US, with more than 1,200 owned by the company and 48 franchised. The closures are part of a broader strategy to increase profitability and shareholder returns. The move comes after Monro announced plans to sell its headquarters in Rochester, New York in June 2023.
Monro’s CEO Peter Fitzsimmons replaced former president Michael Broderick and will focus on driving enhanced profitability and operating income growth. The company has set goals to mitigate tariff risk, improve customer acquisition, and increase productivity. With over five decades of history, Monro was founded by Chuck August in 1957 as a Midas Muffler shop, eventually growing into the largest automotive service company in the US.
Source: https://eu.usatoday.com/story/money/2025/06/02/monro-auto-closing-stores-us/83989336007