Metro Inc
MRU
ISIN CA59162N1096 / Valor 1049536
Metro Inc
UMushroom community rating:
About company
Metro Inc. is a prominent player in the Canadian food and pharmacy sector, with a significant presence in Québec and Ontario. The company boasts annual sales exceeding $20 billion and employs over 97,000 individuals, highlighting its substantial role in the regional economy. Metro Inc. operates across various facets of the retail industry, including functioning as a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services. Its extensive network comprises approximately 987 food stores and 641 drugstores. The food stores operate under a variety of banners, such as Metro, Metro Plus, Super C, Food Basics, Adonis, and Première Moisson, catering to a diverse range of consumer needs and preferences. In the pharmacy sector, Metro Inc. services a significant number of outlets primarily under the Jean Coutu, Brunet, Metro Pharmacy, and Food Basics Pharmacy brands, further solidifying its position as a key player in both the food and pharmacy markets in its operational regions.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (17.12.2024):
Sales Performance
Metro Inc. reported sales of $4,938.4 million for the fourth quarter of Fiscal 2024, which ended on September 28, 2024. This represents a decrease of 2.6% compared to the same quarter in the previous year. However, when adjusted for a comparable 12-week period in 2023, sales increased by 5.7%, driven by higher sales in the retail network and the absence of a labor conflict that affected the previous year's results.
Net Earnings
For the fourth quarter of Fiscal 2024, Metro Inc. achieved net earnings of $219.9 million, a slight decrease of 1.0% from the $222.2 million reported in the fourth quarter of 2023. The fully diluted net earnings per share increased by 2.1% to $0.98, compared to $0.96 in the previous year. Adjusted net earnings were $226.5 million, also down by 1.0% from the prior year.
Fiscal Year Overview
In Fiscal 2024, Metro Inc. reported total sales of $21,219.9 million, marking a 2.4% increase from the $20,724.6 million recorded in Fiscal 2023. When adjusted for a 52-week comparison, sales rose by 4.4%. Net earnings for the fiscal year were $931.7 million, reflecting an 8.5% decline, while adjusted net earnings were $972.9 million, down by 3.3% from the previous year.
Dividends and Shareholder Returns
The Board of Directors of Metro Inc. declared a quarterly dividend of $0.3350 per share on September 30, 2024, consistent with the amount declared in the previous quarter. This decision reflects the company's commitment to providing stable returns to its shareholders despite the challenges faced during the fiscal year.
Outlook and Strategic Initiatives
Metro Inc. successfully completed the final phase of its automated fresh facility in Toronto, marking the culmination of a 7-year investment in supply chain modernization. This strategic initiative is expected to enhance future growth and efficiency. Additionally, the company launched the MOI Rewards program in Ontario, which has already attracted over 1,000,000 new members within four weeks, indicating strong customer engagement and potential for future revenue growth.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
14037 M
Market cap (USD)
397,443
Daily traded volume (Shares)
91.36 / 90.06
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
