The earnings call presented a generally positive outlook with strong revenue growth in both food and pharmacy segments, successful expansion of online sales, and effective tax management. However, challenges such as increased operating expenses and inflationary pressures were noted, along with the impact of calendar shifts on sales.

Company Guidance

During Metro Inc.’s 2025 first quarter call, the company provided several key financial metrics and updates. Total sales reached $5.12 billion, a 2.9% increase from the previous year. Food same-store sales rose by 1%, or 2.4% when adjusted for calendar shifts, while pharmacy same-store sales increased by 5.1%. The gross margin slightly improved to 19.7% from 19.6% last year. Operating expenses were $528.5 million, representing 10.2% of sales, unchanged from the prior year. Adjusted net earnings rose by 4.4% to $245.4 million, with an adjusted net earnings per share of $1.10, up 7.8%. The company completed two store conversions and expanded its food retail network by 18,300 square feet. Additionally, Metro repurchased 1.425 million shares at an average price of $9.95 and announced a 10.4% increase in its quarterly dividend to $0.37 per share. The company reaffirmed its long-term growth target of 8% to 10% in adjusted net earnings per share.

Solid Revenue Growth

Total sales increased by 2.9% to reach $5.12 billion compared to the same period last year, with food same-store sales up 2.4% after calendar adjustments.

Pharmacy Segment Performance

Pharmacy same-store sales grew by 5.1%, with prescription sales up 7.3% due to organic growth and specialty medications.

Online Sales Expansion

Online sales grew by 18% for the quarter, supported by third-party partnerships and the expansion of click-and-collect services.

Dividend Growth

The Board declared a quarterly dividend of $0.37 per share, a 10.4% increase from last year, marking the 31st consecutive year of dividend growth.

MOI Rewards Program Success

The MOI Rewards program launched in Ontario showed positive results with over 4 million members, leading to increased traffic and spending.

Effective Tax Management

The company benefited from a resolution of a prior income tax position, resulting in a $20.6 million gain, and a $6.1 million provincial tax holiday.

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Metro Inc. (TSE:MRU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:MRU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 16, 2025	2025 (Q2)	1.02 / -	0.91	―	―	―
Jan 28, 2025	2025 (Q1)	1.09 / 1.10	1.02	7.84% (+0.08)	―	―
Nov 20, 2024	2024 (Q4)	0.99 / 1.02	0.99	3.03% (+0.03)	―	―
Aug 14, 2024	2024 (Q3)	1.34 / 1.35	1.35	0.00% (0.00)	―	―
Apr 24, 2024	2024 (Q2)	0.89 / 0.91	0.96	-5.21% (-0.05)	―	―
Jan 30, 2024	2024 (Q1)	0.99 / 1.02	1	2.00% (+0.02)	―	―
Nov 15, 2023	2023 (Q4)	1.07 / 0.99	0.92	7.61% (+0.07)	―	―
Aug 09, 2023	2023 (Q3)	1.29 / 1.35	1.18	14.41% (+0.17)	―	―
Apr 19, 2023	2023 (Q2)	0.94 / 0.96	0.84	14.29% (+0.12)	―	―
Jan 24, 2023	2023 (Q1)	0.97 / 1.00	0.88	13.64% (+0.12)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:MRU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2025	C$91.18	C$88.20	-3.27%
Nov 20, 2024	C$85.93	C$86.73	+0.93%
Aug 14, 2024	C$80.43	C$81.18	+0.93%
Apr 24, 2024	C$68.76	C$69.13	+0.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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