Monro, Inc. recently announced a plan to improve profitability, which includes closing a number of underperforming stores. 

Peter Fitzsimmons, the company’s president and chief executive officers outlined plans during a recent earnings call. He said they include:

• closing 145 stores
•  improving customer experience and selling effectiveness
• driving profitable customer acquisition and activation
• increasing merchandising productivity including mitigating tariff risk

The store closings are expected to take place during the first quarter of fiscal 2026.

Fitzsimmon’s announcement came as the Fairport, New York-based company announced it had a net loss of $21.2 million in its fiscal fourth quarter, which ended March 29, and a full-year loss of more than $5 million.

“As I reflect on my first eight weeks, I’m pleased with our detailed assessment of the business," said Fitzsimmons, whose appointment to Monro was announced on March 31.  “While our improvement plan will take time to implement, I believe that we will drive enhanced profitability and increase operating income and total shareholder returns in fiscal 2026.”

Monro operates 8,500 service bays at 1,250 stores providing auto service and tire sales nationwide.