MONTRÉAL, Aug. 13, 2025 /CNW/ – METRO INC. (TSX:MRU) today announced its results for the third quarter of Fiscal 2025 ended July 5, 2025.
2025 THIRD QUARTER HIGHLIGHTS
- Sales of $6,871.0 million, up 3.3%
- Food same-store sales(1) up 1.9%
- Pharmacy same-store sales(1) up 5.5%
- Net earnings of $323.0 million, up 9.0% and adjusted net earnings(1) of $331.8 million, up 8.8%
- Fully diluted net earnings per share of $1.48, up 13.0% and adjusted fully diluted net earnings per share(1) of $1.52, up 12.6%
|
16 weeks / Fiscal Year |
||||||
|
(Millions of dollars, except for net earnings per share) |
2025 |
% |
2024 |
% |
Change (%) |
|
|
Sales |
6,871.0 |
100.0 |
6,651.8 |
100.0 |
3.3 |
|
|
Operating income before depreciation and amortization |
655.7 |
9.5 |
620.2 |
9.3 |
5.7 |
|
|
Net earnings |
323.0 |
4.7 |
296.2 |
4.5 |
9.0 |
|
|
Fully diluted net earnings per share |
1.48 |
— |
1.31 |
— |
13.0 |
|
|
Adjusted net earnings(1) |
331.8 |
4.8 |
305.0 |
4.6 |
8.8 |
|
|
Adjusted fully diluted net earnings per share(1) |
1.52 |
— |
1.35 |
— |
12.6 |
|
|
40 weeks / Fiscal Year |
||||||
|
(Millions of dollars, except for net earnings per share) |
2025 |
% |
2024 |
% |
Change (%) |
|
|
Sales |
16,898.0 |
100.0 |
16,281.5 |
100.0 |
3.8 |
|
|
Operating income before depreciation and amortization |
1,598.2 |
9.5 |
1,527.4 |
9.4 |
4.6 |
|
|
Net earnings |
802.5 |
4.7 |
711.8 |
4.4 |
12.7 |
|
|
Fully diluted net earnings per share |
3.63 |
— |
3.13 |
— |
16.0 |
|
|
Adjusted net earnings(1) |
803.8 |
4.8 |
746.4 |
4.6 |
7.7 |
|
|
Adjusted fully diluted net earnings per share(1) |
3.64 |
— |
3.28 |
— |
11.0 |
|
PRESIDENT’S MESSAGE
“We are pleased with our results in the third quarter, marked by solid comparable sales growth in food and pharmacy, and good cost control. We successfully opened 5 new food stores in the quarter, a pace that will continue(2) in the fourth quarter, on track with our plan to accelerate the development of our growing discount banners. We are confident that our sustained investments in our retail network and supply chain combined with strong execution will continue to fuel our growth and create long-term shareholder value(2)“, declared Eric La Flèche, President and Chief Executive Officer.
OPERATING RESULTS
SALES
Sales in the third quarter of Fiscal 2025 ended on July 5, 2025 were $6,871.0 million, up 3.3% versus the third quarter of the prior year which ended on July 6, 2024, driven by higher sales in our retail network.
Food same-store sales(1) were up 1.9% in the third quarter of Fiscal 2025 (2024 — 2.4%). Online food sales(1) were up 14.4% versus last year (2024 — 34.3%). Our food basket inflation was generally in line with the reported …