Monro, Inc. Announces $0.28 Dividend Amid Strategic Growth and Community Engagement

### Monro, Inc. Declares Quarterly Cash Dividend Amidst Robust Growth Strategy

Monro, Inc., a leading provider in the automotive undercar repair and tire services sector, announces a quarterly cash dividend of $0.28 per share on its outstanding common stock, which includes shares related to its Class C Convertible Preferred Stock. This dividend is scheduled for payment on December 17, 2024, to shareholders recorded by the close of business on December 3, 2024. This announcement underscores Monro's commitment to delivering value to its shareholders while simultaneously reinforcing its strategic growth initiatives.

The company, which operates approximately 1,300 stores and boasts around 9,000 service bays across the United States, generates nearly $1.3 billion in sales for fiscal 2024. Monro distinguishes itself by offering a comprehensive range of services from routine oil changes to intricate vehicle repairs. This extensive service portfolio is complemented by a team of highly trained professionals and certified technicians who employ advanced diagnostic technologies to meet diverse automotive needs. Monro aims to combine the professionalism associated with national retailers and the personalized trust often found in local garages, creating a unique market position that appeals to a broad customer base.

Monro's strategy for sustainable growth hinges on both strategic acquisitions and the opening of new stores, allowing the company to enhance its market presence. As it continues to expand its footprint, Monro remains focused on providing high-quality service that customers can depend on. The company’s commitment to innovation and customer satisfaction positions it well within the competitive automotive service landscape, ensuring that it not only meets but exceeds consumer expectations.

In addition to its strong operational framework, Monro emphasizes the importance of community engagement and customer trust. By fostering relationships with local customers and maintaining transparent service practices, the company strengthens its reputation as a reliable automotive service provider. The planned dividend serves as a testament to Monro’s financial health and its ongoing commitment to rewarding shareholders while driving forward its expansion plans.

As Monro, Inc. continues to grow and evolve, it remains dedicated to enhancing the overall automotive service experience. For further details on their operations and services, interested parties can visit Monro's corporate website at corporate.monro.com.