From Yahoo Finance: 2025-06-03 08:41:00

Monro Inc., a popular auto repair and tire shop, will close 145 locations by the end of May due to financial struggles. The company operates 1,260 stores across 32 states and generated $1.2 billion in sales annually. The closures come after a change in leadership and declining profits.

The closures are part of Monro’s efforts to address underperforming stores, with all 145 locations set to close by the end of Q1 2026. While store locations have been identified, the company has not disclosed which brands will be affected. Monro is focused on supporting impacted employees during this transition.

Monro operates under various brand names, including Monro Auto Service and Tire Centers, Mr. Tire Auto Service Centers, and Tire Warehouse. The company’s recent financial results showed a decline in sales for Q4 2025, with a net loss of $21.3 million. Despite the closures, Monro’s stock has seen a 23% surge since the announcement.

Read more: Muffler, brake, and auto repair chain joins list of retailers shuttering locations in 2025