Monro Muffler (MNRO) Misses Q4 EPS by 14c

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Monro, Inc. Announces Fourth Quarter and Fiscal 2020 Financial Results

May 28, 2020 7:30 AM EDT

~ Fiscal 2020 Sales Increase 4.7% to a Record $1.3 Billion ~~ Provides Update on Actions to Mitigate Impact of COVID-19 Pandemic ~~ Not Issuing Fiscal 2021 Guidance Due to Uncertainty Related to COVID-19 ~~ Expands Collaboration with Amazon.com to Provide Tire Installation Services ~~ Draws Down $350 Million on Revolving Credit Facility to Maximize Financial Flexibility ~~ Announces Planned Closure of 42 Stores as Part of Portfolio Optimization ~~ Declares Quarterly Cash Dividend of $.22 Per Share ~

ROCHESTER, N.Y., May 28, 2020 (GLOBE NEWSWIRE) -- Monro, Inc. (Nasdaq:... More