Following a portfolio review, Monro Inc. has identified 145 underperforming shops spaced throughout its network for closure. According to management, the analysis included an evaluation of shop performance as well as market segmentation and demographic data specific to the geographic areas of each location.
Monro has set in motion a process to close these locations during the first quarter of fiscal 2026 (three months ending in late June 2025).
Management stated that the closure of these shops will have a limited impact on total sales but is expected to deliver “meaningful improvement to profitability.”
The shop optimization plan is forecast to reduce total sales by approximately $45 million in fiscal 2026.
“The 145 stores generated approximately 5% of our total sales in fiscal 2025, and we’re likely to recapture some of those sales in locations near the closing stores,” President and CEO Peter Fitzsimmons told analysts on Monro’s May 28 earnings call.
Shop closure costs are estimated to come in between $10 million and $15 million, mostly during the first fiscal quarter.
