The Voice News :Monro Inc., one of the largest automotive service providers in the U.S., has announced plans to close 145 stores nationwide following a significant decline in sales.
The company reported a 4.9% drop in revenue for the 2025 fiscal year, ending March 29, amounting to a $5.2 million net loss—down sharply from a $37.6 million profit the previous year. As part of a broader strategy to improve profitability, Monro will shutter more than 100 underperforming locations, according to its new President and CEO, Peter Fitzsimmons.
Fitzsimmons, who assumed leadership on March 31, outlined a multi-pronged improvement plan in a May 28 earnings statement. The strategy focuses on enhancing customer experience, increasing sales efficiency, expanding profitable customer acquisition, and improving merchandising while addressing tariff risks.
“While our improvement plan will take time to implement, I believe we will achieve stronger profitability and drive increased shareholder returns in fiscal 2026,” Fitzsimmons stated.
The company, headquartered in Fairport, New York, reported that total sales declined 6.4% year-over-year to $1.195 billion, down from $1.277 billion in 2024.
Monro operates more than 1,300 stores across the U.S., including over 1,200 company-owned outlets and 48 franchised locations. Its brands include Monro Auto Service and Tire Centers and Mr. Tire Auto Service Centers.
The company has not yet disclosed which locations will be closed. A spokesperson told USA TODAY that the full list is not being released at this time.
In June 2023, Monro also announced plans to sell its headquarters on Holleder Parkway in Rochester, New York, as part of ongoing restructuring efforts.
