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MONTREAL — Metro Inc. reported a second-quarter profit of $220.0 million, up from $187.
1 million a year ago, as its sales rose 5.5 per cent. The grocery and drugstore retailer says its profit amounted to 99 cents per diluted share for the 12-week period ended March 15, up from 83 cents per diluted share a year earlier.
Sales totalled $4.91 billion, up from $4.66 billion in the same quarter last year, helped by the transfer of two significant pre-Christmas shopping days to the second quarter.
Food same-store sales were up 5.3 per cent in the quarter and up 3.9 per cent after adjusting for the Christmas shift.
Pharmacy same-store sales were up 7.0 per cent, helped by a 7.8 per cent increase for prescription drugs and a 5.
3 per cent increase in front-store sales. Front-store sales were up 3.7 per cent after adjusting for the Christmas shift.
On an adjusted basis, Metro says it earned $1.02 per diluted share in its latest quarter, up from an adjusted profit of 91 cents per diluted share a year earlier. This report by The Canadian Press was first published April 16, 2025.
Companies in this story: (TSX:MRU) The Canadian Press.
