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Metro Inc. (TSE:MRU)
TSX:MRU
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.02Last Year’s EPS
0.91Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: 9.70%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong revenue growth in both food and pharmacy segments, successful expansion of online sales, and effective tax management. However, challenges such as increased operating expenses and inflationary pressures were noted, along with the impact of calendar shifts on sales.Company Guidance
During Metro Inc.’s 2025 first quarter call, the company provided several key financial metrics and updates. Total sales reached $5.12 billion, a 2.9% increase from the previous year. Food same-store sales rose by 1%, or 2.4% when adjusted for calendar shifts, while pharmacy same-store sales increased by 5.1%. The gross margin slightly improved to 19.7% from 19.6% last year. Operating expenses were $528.5 million, representing 10.2% of sales, unchanged from the prior year. Adjusted net earnings rose by 4.4% to $245.4 million, with an adjusted net earnings per share of $1.10, up 7.8%. The company completed two store conversions and expanded its food retail network by 18,300 square feet. Additionally, Metro repurchased 1.425 million shares at an average price of $9.95 and announced a 10.4% increase in its quarterly dividend to $0.37 per share. The company reaffirmed its long-term growth target of 8% to 10% in adjusted net earnings per share.Solid Revenue Growth
Total sales increased by 2.9% to reach $5.12 billion compared to the same period last year, with food same-store sales up 2.4% after calendar adjustments.
Pharmacy Segment Performance
Pharmacy same-store sales grew by 5.1%, with prescription sales up 7.3% due to organic growth and specialty medications.
Online Sales Expansion
Online sales grew by 18% for the quarter, supported by third-party partnerships and the expansion of click-and-collect services.
Dividend Growth
The Board declared a quarterly dividend of $0.37 per share, a 10.4% increase from last year, marking the 31st consecutive year of dividend growth.
MOI Rewards Program Success
The MOI Rewards program launched in Ontario showed positive results with over 4 million members, leading to increased traffic and spending.
Effective Tax Management
The company benefited from a resolution of a prior income tax position, resulting in a $20.6 million gain, and a $6.1 million provincial tax holiday.
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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
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TSE:MRU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | C$91.18 | C$88.20 | -3.27% |
| Nov 20, 2024 | C$85.93 | C$86.73 | +0.93% |
| Aug 14, 2024 | C$80.43 | C$81.18 | +0.93% |
| Apr 24, 2024 | C$68.76 | C$69.13 | +0.54% |
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.
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FAQ
When does Metro Inc. (TSE:MRU) report earnings?
Metro Inc. (TSE:MRU) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Metro Inc. (TSE:MRU) earnings time?
Metro Inc. (TSE:MRU) earnings time is at Apr 16, 2025, TBA Not 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 2025 (Q2) is 1.02.
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