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The Latest Breaking News from American Tire Distributors

Monro Completes Sale Of Tires Now Assets To American Tire Distributors

Monro Inc (NASDAQ:MNRO) has completed the previously-announced sale of its wholesale tire and distribution assets to American Tire Distributors (ATD). The company sold its Tires Now distribution assets for $105 million in cash. Monro's wholesale tire locations included seven facilities in Kentucky, North Carolina, South Carolina, and Tennessee which serviced more than 3,500 wholesale customer…

Benzinga · Jun 17, 2022

Why Monro Shares Are Sliding Today

Why Monro Shares Are Sliding Today

Monro Inc (NASDAQ:MNRO) reported fourth-quarter FY22 sales growth of 7.4% year-on-year, to $328 million, beating the consensus of $324.66 million. The gross profit declined 2.3% Y/Y to $104.6 million. The margin decreased 320 basis points to 31.9%, primarily due to an incremental investment in technician headcount and wages to support current and future…

Benzinga · May 19, 2022

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