Monro Inc. suffered a 33.8% drop in operating income for the quarter ended June 24, due in part to lower sales of higher-margin services and reduced overall revenue.
Looking to improve the customer experience at its 1,300-plus retail outlets throughout the U.S., Monro Inc. has implemented a series of initiatives designed to help customers prepare for winter driving, starting with the way it sells and installs batteries.
Monro Inc. suffered a 31.9% drop in operating income for the quarter ended Sept. 24 on 5.1% lower sales, declines the company attributed in part to the divestiture of its wholesale business earlier in the year.
Monro Inc. has completed the previously announced sale of its Tires Now wholesale tire and distribution assets to American Tire Distributors Inc., which in turn has secured a deal to supply Monro's 1,300-plus retail stores.