Consumer BehaviorThe company's customer base, primarily in the low- to mid-income range, is being impacted by inflation, leading to a decrease in demand for Monro's products and services.
Market ShiftThe increasing popularity of electric vehicles could adversely affect Monro's service-related revenue due to the different maintenance needs compared to traditional vehicles.
Technological AdvancesAdvances in automotive technology are resulting in cars that require less frequent servicing, which could negatively impact Monro's revenue as these cars become more widespread.