Overview

• Monro reported a 4.9% sales decline and a $5.2 million net loss in the fiscal year ended March 29.
• The company has outlined four priorities: shuttering underperforming stores, improving customer experience, driving profitable customer acquisition and enhancing merchandising productivity.
• The specific locations for the 145 closures have not been disclosed and are slated for completion by the end of Q1 2026.
• Peter Fitzsimmons, formerly of AlixPartners, replaced Michael Broderick as CEO on March 31 to oversee the turnaround.
• Monro plans to support impacted employees and accelerate broader restructuring to boost operating income and shareholder returns.