Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Grocer Metro reports fourth-quarter profit and sales up from year ago

MONTREAL – Metro Inc. (TSX:MRU) says it earned $131.7 million in its latest quarter, up from $115.6 million a year ago.

The grocery and drug store retailer says the profit amounted to 52 cents per diluted share for what was its fourth quarter, up from 44 cents per share a year ago.

Sales for the quarter grew to $2.83 billion from $2.71 billion in the same quarter last year.

Same-store sales were up 3.4 per cent.

For its full year, Metro earned $519.3 million or $2.01 per share on $12.2 billion in sales. That compared with a profit of $456.2 million or $1.69 per share on $11.6 billion in sales the previous year.

Metro has more than 800 grocery stores including the Metro, Metro Plus, Super C and Food Basics banners as well as more than 250 drugstores and pharmacies including Brunet, Clini Plus, Pharmacy and Drug Basics

News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

Related Articles