Metro Inc. (TSE:MRU)
TSX:MRU
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Earnings Data
Report Date
Aug 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.57Last Year’s EPS
1.52Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The quarter delivered solid top‑line and profitability improvements: revenue grew 4.1%, adjusted EBITDA rose 6% and adjusted EPS increased 8.8%, supported by pharmacy momentum, strong e‑commerce growth (+19.8%) and disciplined cost control. However, material near‑term risks include a Quebec strike affecting produce distribution (impact to be quantified in Q3), fuel price pressure that could cost roughly $5M per quarter if sustained, flat/declining market tonnage and modest increases in interest and depreciation costs. On balance the financial performance and growth initiatives are strong, but the company faces notable operational and cost headwinds that warrant monitoring.Company Guidance
Revenue Growth
Q2 sales reached $5.1 billion, up 4.1% year‑over‑year, driven by new store openings, same‑store sales growth and a timing shift of a pre‑Christmas shopping day into the quarter.
Pharmacy Momentum
Pharmacy same‑store sales grew 5.1% in the quarter; prescription sales rose 6.1% and front‑store pharmacy sales increased 2.8%. Management noted continued contribution from specialty medications and GLP‑1s.
Profitability Expansion (EBITDA & EPS)
Reported EBITDA was $508.6 million, up 10.3% year‑over‑year (9.9% of sales). Adjusted EBITDA was $488.5 million, up 6.0% YoY and 9.6% of sales (a 16 bps improvement vs Q2 2025). Adjusted diluted EPS rose 8.8% to $1.11 from $1.02.
Gross Margin and Cost Discipline
Gross margin improved slightly to $1.03 billion or 20.1% of sales (20.0% in prior year). Operating expenses increased 3.4% to $538.9 million but fell as a percentage of sales to 10.5% from 10.6%, reflecting continued cost discipline.
Strong E‑commerce and Digital Engagement
Online sales grew 19.8% in the quarter, driven by third‑party marketplaces, ramping click & collect and delivery services; private label penetration and promotional execution supported gross margin performance.
Capital Allocation and Balance Sheet Actions
Capital expenditures were $85.3 million (in line with prior year). The company issued a $350 million 5‑year bond at 3.469% and used proceeds to repay revolver debt; debt/EBITDA approx. 2.2x. Under NCIB, 2.9 million shares repurchased for $279.8 million (avg $96.47).
Retail Network Expansion
After 24 weeks, Metro opened/converted 6 stores and completed 4 major renovations, expanding food retail network by 141,000 sq ft (+0.6% quarter‑to‑date; +1.9% over 12 months), with discount banners performing strongly.
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 |
|---|---|---|---|
Apr 22, 2026 | C$92.88 | C$90.35 | -2.72% |
Jan 27, 2026 | C$97.90 | C$92.53 | -5.48% |
Nov 19, 2025 | C$97.43 | C$98.35 | +0.94% |
Aug 13, 2025 | C$104.77 | C$97.41 | -7.03% |
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 Aug 19, 2026, Before Open (Confirmed).
What is Metro Inc. (TSE:MRU) earnings time?
Metro Inc. (TSE:MRU) earnings time is at Aug 19, 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 (Q3) is 1.57.
