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Metro Inc. (TSE:MRU)
TSX:MRU
Earnings Data
Report Date
Apr 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
1.02Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely constructive operational and financial picture: revenue, online sales, adjusted EBITDA and adjusted EPS showed growth, the Toronto freezer issue has been resolved, and management reiterated continued investment and disciplined capital allocation (share buybacks, dividend increase, $550M CapEx plan). However, notable near-term headwinds remain, including the $21.6M freezer-related cost and lost sales, higher operating and financial costs, rising depreciation, sustained food inflation (especially meat), and competitive/square-footage pressures. On balance, the positive results and recovery from the distribution disruption outweigh the lowlights, with management emphasizing confidence in execution and long-term returns from recent investments.Company Guidance
Revenue Growth
Total sales reached $5.3 billion, up 3.3% year-over-year, with total food sales growth of 3.1% driven by new store openings and conversions.
Same-Store Sales Momentum
Food same-store sales grew 1.6% (1.9% when adjusted for a shifted pre-Christmas shopping day); pharmacy same-store sales rose 3.9% with prescription sales up 5.1% and front store sales up 1.3% (1.7% adjusted).
Adjusted Profitability Improvement
Adjusted EBITDA (excluding $21.6M of direct freezer costs) was $504.2 million, up 4.7% year-over-year and 9.5% of sales (an increase of 13 basis points versus Q1 2025).
Adjusted EPS Growth
Adjusted fully diluted net earnings per share were $1.16 versus $1.10 last year, an increase of 5.5% year-over-year; adjusted net earnings were $248.7 million, up 1.3%.
Strong Online and Private Label Performance
Online sales grew 25.8% in the quarter (driven by third-party marketplaces, ramped click-and-collect and new delivery in discount banners); private label sales continued to outperform national brands.
Capital Allocation and Shareholder Returns
Q1 share repurchases of 1 million shares for $98.7 million (average $98.72); Board declared a quarterly dividend of $0.475 (annualized $1.63), up 10.1% — marking the 32nd consecutive year of dividend growth with a payout of ~32% of last year's adjusted net earnings.
Investments and Growth Plans
Q1 CapEx was $61.9 million with FY26 CapEx expected to be ~ $550 million to continue investing in the retail network; opened three food stores in Q1 and added 88,600 sq. ft. (+0.4% of food retail square footage); plan for about a dozen discount stores in 2026.
Operational Recovery from Toronto Freezer Shutdown
Temporary shutdown of the frozen food distribution center in Toronto has been fully resolved and operations have resumed; contingency plan maintained supply across Ontario stores.
TSE:MRU Earnings History
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
TSE:MRU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 27, 2026 | C$98.32 | C$92.93 | -5.48% |
Nov 19, 2025 | C$97.85 | C$98.77 | +0.94% |
Aug 13, 2025 | C$105.22 | C$97.83 | -7.03% |
Apr 16, 2025 | C$99.76 | C$100.01 | +0.25% |
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.
FAQ
When does Metro Inc. (TSE:MRU) report earnings?
Metro Inc. (TSE:MRU) is schdueled to report earning on Apr 22, 2026, Before Open (Confirmed).
What is Metro Inc. (TSE:MRU) earnings time?
Metro Inc. (TSE:MRU) earnings time is at Apr 22, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MRU EPS forecast?
TSE:MRU EPS forecast for the fiscal quarter 2026 (Q2) is 1.12.
