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Metro Inc. ( (TSE:MRU) ) has shared an announcement.
Metro Inc. reported first-quarter fiscal 2026 sales of $5.29 billion, up 3.3% year over year, driven by food same-store sales growth of 1.6% (1.9% adjusted for the Christmas shift), a 25.8% surge in online food sales, and pharmacy same-store sales up 3.9%. Net earnings fell 12.8% to $226.3 million, largely due to $21.6 million in direct costs linked to the temporary shutdown of its frozen food distribution centre in Toronto, but adjusted net earnings rose 1.3% to $248.7 million and adjusted EPS increased 5.5% to $1.16, indicating underlying earnings resilience. Operating income before depreciation and amortization was essentially flat at $482.6 million, with gross margin steady at 19.7% and operating expenses slightly higher as a share of sales because of the distribution centre disruption; excluding these exceptional costs, expense ratios would have improved. The company highlighted market share gains, strong performance of new discount stores and robust online growth despite persistent food inflation and operational challenges, and it raised its quarterly dividend by 10.1%, signaling confidence in its long-term growth strategy and financial strength.
The most recent analyst rating on (TSE:MRU) stock is a Buy with a C$115.00 price target. To see the full list of analyst forecasts on Metro Inc. stock, see the TSE:MRU Stock Forecast page.
Spark’s Take on TSE:MRU Stock
According to Spark, TipRanks’ AI Analyst, TSE:MRU is a Outperform.
Metro Inc. demonstrates strong financial performance and positive earnings call sentiment, despite short-term operational challenges. Technical indicators suggest stability, and valuation metrics indicate the stock is fairly priced.
To see Spark’s full report on TSE:MRU stock, click here.
More about Metro Inc.
Metro Inc. is a Canadian food and pharmacy retailer operating grocery stores and drugstores across its network, with a growing focus on discount formats and online food sales. The company competes in a highly competitive, inflation-sensitive market, emphasizing value for customers, investments in retail networks and supply chain, and a diversified business model spanning food and pharmacy to drive long-term growth.
Average Trading Volume: 501,721
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$20.97B
For a thorough assessment of MRU stock, go to TipRanks’ Stock Analysis page.