Metro Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 02, 2022
August 10, 2022 at 07:39 am EDT
Share
Metro Inc. reported earnings results for the third quarter and nine months ended July 02, 2022. For the third quarter, the company reported sales was CAD 5,865.5 million compared to CAD 5,719.8 million a year ago. Net income was CAD 274 million compared to CAD 251.4 million a year ago. Basic earnings per share from continuing operations was CAD 1.14 compared to CAD 1.03 a year ago. Diluted earnings per share from continuing operations was CAD 1.14 compared to CAD 1.03 a year ago.
For the nine months, sales was CAD 14,456.3 million compared to CAD 14,191 million a year ago. Net income was CAD 678.1 million compared to CAD 629.2 million a year ago. Basic earnings per share from continuing operations was CAD 2.82 compared to CAD 2.55 a year ago. Diluted earnings per share from continuing operations was CAD 2.81 compared to CAD 2.54 a year ago.
Metro Inc. is a food and pharmacy retailers and distributors company. The Company, through its activities as a retailer, franchisor or distributor, and manufacturer operates or supplies a network of supermarkets, discount stores and drugstores. It operates 975 food stores under several banners, including Metro, Metro Plus, Super C and Food Basics, as well as 645 drugstores primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners. The Metro banner, with its 328 stores including 120 Metro Plus stores in Quebec is a supermarket chain. The Super C banner operates 102 discount stores in Quebec and offers a range of grocery products. Food Basics is a discount store providing quality products to customers in 143 locations across Ontario. The Food Basics Pharmacy banner is located in 30 Food Basics grocery stores. Its Food Basics Pharmacy is a full-service pharmacy and offers professional services, such as health reminders and medical profiles, among others.
METRO INC. 
