Monro Inc Stock News

Monro receives a soft 'buy' rating, driven by operational improvements, cost cuts, and a compelling valuation despite revenue declines. Comparable store sales growth and strategic closures of underperforming locations have stabilized MNRO's profitability and improved adjusted net profits. Carl Icahn's 14.79% stake introduces a potential catalyst, though a recent rights plan signals management r...

FAIRPORT, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that it has entered into a formal employment agreement directly with Peter Fitzsimmons to continue as the Company's full-time President and Chief Executive Officer, effective immediately. Fitzsimmons will also join the Company's Board of Directors and ...

FAIRPORT, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors has declared a quarterly cash dividend of $.28 per share on the Company's outstanding shares of common stock, including the shares of common stock to which the holders of the Company's Class C Convertible Preferred Stock are...

In the past week or so, beneficial owners Carl Icahn and Mario Gabelli made some big bets in Monro Inc.

FAIRPORT, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that Peter Fitzsimmons, President and Chief Executive Officer, Brian D'Ambrosia, Executive Vice President and Chief Financial Officer and Felix Veksler, Vice President of Investor Relations, will participate in a Fireside Chat at the Stephens Annual In...

FAIRPORT, N.Y.--(BUSINESS WIRE)--Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that its Board of Directors (the “Board”) has unanimously voted to approve a limited duration shareholder rights plan (the “Rights Plan”). The Rights Plan has a one-year duration expiring on November 6, 2026. The Rights Plan was approved in response to...

Icahn has a long history in the automotive parts and services industry, so this investment could play out in several different ways.

Icahn disclosed ownership of 4.4 million shares, or almost a 15% stake in Monro, according to a new regulatory filing.