Monro CEO says firm fell short of expectations in Q1
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.
Source: tirebusiness.com
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ATD completes acquisition of Monro's Tires Now
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.
Source: tirebusiness.com