Major auto company shuttering 145 stores across US
One of America's largest automotive service companies is closing 145 stores across the nation after sales recently dropped by $5.2 million, the company's top leader announced.
Monro Inc., will shutter the stores after reporting a 4.9% decrease in sales in the 2025 fiscal year ending March 29, the company's president and CEO Peter Fitzsimmons announced during its latest earnings report.
The move comes as company leaders identified key areas to boost sales and earnings, including closing the doors to more than 100 "underperforming stores," said Fitzsimmons, named CEO on March 31.
Fitzsimmons, partner and managing director of AlixPartners, a global consulting firm, replaced the company's former president Michael Broderick.
Other goals include "improving our customer experience and selling effectiveness, driving profitable customer acquisition and activation, and increasing merchandising productivity, including mitigating tariff risk," Fitzsimmons said, according to a May 28 news release. "While our improvement plan will take time to implement, I believe that we will drive enhanced profitability and increase operating income and total shareholder returns in fiscal 2026.'
The Fairport, New York-based company reported sales decreased 6.4% to $1.195 billion from $1.277 billion during the previous 2024 fiscal year, according to the release. Net loss for fiscal 2025 was $5.2 million compared to net income of $37.6 million in the prior year period, the release continues.
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Monro is closing 145 stores across the U.S. It was not immediately known which locations will close. A Monro spokesperson told USA TODAY the company was not releasing the full list of the stores slated for closure "at this time."
Monro has more than 1,300 locations: more than 1,200 are owned by the company and 48 are franchised, according to information from Monro's website and the Rochester Democrat and Chronicle, part of the USA TODAY Network.
Stores include its flagship brand, Monro Auto Service and Tire Centers as well as Mr. Tire Auto Service Centers.
Other brands are:
Tire Barn Warehouse
Tire Warehouse
Ken Towery's Tire & Auto Care
Allen Tire Company
Monro Commercial Solutions
Car-X Tire and Auto
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
The move also comes after the auto company announced in June 2023 it planned to sell its headquarters in Rochester, New York.
Founder Chuck August started Monro after he opened a Midas Muffler shop in 1957, the Democrat and Chronicle reported in 1998. Over the next eight years, August added three more Midas shops, then broke off with the franchiser in a dispute over what services would be offered. In the end, August named his new stores Monroe, and he wanted to save the large 'M' on the signs. However, 'onroe' wouldn't fit where 'idas' had been, so he dropped the 'e.'
This story was updated to add new information.
Contributing: Marcia Greenwood with the Democrat and Chronicle
Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@usatoday.com and follow her on X @nataliealund.
This article originally appeared on USA TODAY: Monro closing 'underperforming' auto centers across the US
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