Monro Exploring Options, Including Potential Sale

Dow Jones

05/27

By Colin Kellaher

Monro's board has launched a review of strategic options, including a potential sale of the provider of automotive repair and tire services.

Monro on Wednesday said it will work with its financial and legal advisers to study a range of alternatives aimed at maximizing shareholder value.

In addition to an outright sale, the Fairport, N.Y., company will look into asset sales, a refinancing, acquisitions and operational improvements.

Monro, which sports a market capitalization of around $497 million, said the review is at a preliminary stage and has no definitive timeline.

Trading in shares of Monro, which closed Tuesday at $16.56, was halted premarket Wednesday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 27, 2026 07:50 ET (11:50 GMT)

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