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Monro, sometimes called Monro Muffler Brake, is one of the largest auto repair shops and tire chains in the country. The company operates 1,260 stores across 32 states, according to its most recent financial filings and website. It also has 48 franchised locations. Monro says it generated approximately $1.2 billion in sales from those stores and works on about five million vehicles a year in the U.S.
Founded in 1957, Monro became a publicly traded company in 1991. It is listed on the Nasdaq under the ticker 'MNRO.'
In recent years, the company has struggled as consumers have cut back on discretionary auto-related spending in the wake of inflationary costs. As noted by CoStar News, those consumers have reduced their purchases of tires and auto services, which typically have higher margins, thus eating into Monro's profits.
In March, Monro's board decided a change in leadership was necessary. That change saw Monro's then-CEO Michael Broderick depart the company, replaced by AlixPartners managing director Peter Fitzsimmons.
Upon announcing the company's Q4 2025 results—the quarter that ended March 29, 2025—Fitzsimmons announced that Monro would be closing 145 underperforming stores.
In its earnings release, the company said it had 'conducted a comprehensive store portfolio review that identified 145 underperforming stores for closure.'
It went on to note that all 145 stores would close by the end of Q1 of 2026, which is Monro's current quarter and which closes at the end of this month.
However, while Monro says it has identified the closing stores, it has not released a list of which locations are closing. It has also not stated which of its store brands will be affected.
Reached for comment by Fast Company, a Monro spokesperson said the retailer's priority at the moment is to ensure that employees impacted by the closures are properly supported.
'We have communicated this news directly with our impacted teammates and are deeply grateful to them for their dedication and commitment to the communities we serve,' the spokesperson said. 'We are focused on supporting our teams through this transition and growing our business by continuing to deliver a five-star customer experience to our guests around the country.'
Monro doesn't operate all of its 1,260 stores under a 'Monro' moniker. It has more than a dozen brands:
Monro Auto Service and Tire Centers
Tire Barn Warehouse
Tire Warehouse
Ken Towery's Tire & Auto Care
Allen Tire Company
Monro Commercial Solutions
Car-X Tire and Auto
Mr. Tire Auto Service Centers
Tire Choice Auto Service Centers
Free Service Tire Company, Inc.
Mountain View Tire & Auto Service
Skip's Tire
Lloyd's Tire
Calabasas Car Care
Bud's Tires
Monro is also not the only large auto-related chain that is reducing its physical footprint. Late last year, Advanced Auto Parts said it would close 700 of its 5,000 stores.
For its most recent quarter, Q4 of fiscal 2025, which ended on March 29, Monro reported $295 million in sales. That was down 4.9% from the $310.1 million in sales during the same quarter a year earlier.
However, Monro said that 2025's Q4 had six fewer selling days than 2024's Q4, which contributed to the lower sales number. The company said it had a net loss for Q4 2025 of $21.3 million versus a net gain of $3.7 million for the quarter a year earlier.
'As I reflect on my first eight weeks, I'm pleased with our detailed assessment of the business,' Fitzsimmons said in a statement accompanying the results. 'We have identified four key areas of focus as opportunities for improvement.'
Fitzsimmons said he believes the plan will 'drive enhanced profitability' while increasing operating income.
Since announcing its Q4 2025 results and store closure plans on May 28, MNRO stock has surged more than 23%. However, the stock is down more than 37% year to date. Over the past 12 months, MNRO shares have fallen 34%.
This post originally appeared at fastcompany.comSubscribe to get the Fast Company newsletter: http://fastcompany.com/newsletters
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