Monro, Inc. Declares Dividend While Pursuing Strategic Growth in Automotive Services

Monro, Inc. Declares Quarterly Cash Dividend Amid Strategic Expansion

Monro, Inc., a leading player in the automotive service and tire industry, announces a quarterly cash dividend of $0.28 per share, applicable to its outstanding common stock and Class C Convertible Preferred Stock. This dividend is scheduled for payment on March 11, 2025, to shareholders who are recorded as of the close of business on February 25, 2025. This development underscores Monro's commitment to returning value to its shareholders while actively pursuing growth strategies within the automotive service sector.

The company has demonstrated resilience and ambition, reporting nearly $1.3 billion in sales for fiscal 2024. Monro operates over 1,250 locations and 8,500 service bays across the United States, reflecting its robust market presence and operational capacity. The breadth of services offered by Monro ranges from basic oil changes to intricate vehicle repairs, catering to a diverse clientele. This extensive service portfolio positions the company to address a wide array of automotive needs, ensuring that customers receive reliable and efficient care.

Monro's growth strategy is centered on sustainable expansion through strategic acquisitions and the opening of new stores. This approach not only enhances its market share but also strengthens its national footprint, allowing it to combine the reliability expected of a national retailer with the personalized service often associated with local garages. The company prides itself on its highly trained teammates and certified technicians, who leverage advanced technology and hands-on experience to ensure customer safety and satisfaction on the road.

In addition to its commitment to quality service, Monro emphasizes the importance of a skilled workforce. The company invests in training and development, ensuring that its employees are well-equipped to meet the evolving demands of the automotive industry. This focus on employee expertise contributes significantly to Monro's reputation for high-quality service and customer care.

As Monro continues to expand and innovate within the automotive service landscape, it remains dedicated to providing exceptional value to its shareholders and customers alike. The decision to declare a dividend reflects the company's confidence in its financial health and growth trajectory. For more information on Monro, stakeholders can visit the corporate website at corporate.monro.com.