The earnings call reflects a balanced sentiment with significant achievements in supply chain modernization, sales growth, and loyalty program expansion. However, these are tempered by challenges such as decreased total sales, increased expenses, and the dilutive effect of e-commerce on profitability.

Company Guidance

During the Metro Inc. Q4 2024 earnings call, the company provided several key metrics and guidance for the upcoming fiscal year. Total sales for the quarter were reported at $4.94 billion, representing a 2.6% decrease from the previous year, yet a 5.7% increase on a comparable 12-week basis. Same-store sales rose by 2.2% in food and 5.7% in pharmacy, with a gross margin of 19.7%, up from 19.5% last year. Operating expenses as a percentage of sales decreased to 10.4%, and EBITDA increased by 2.6% to $459.6 million. In fiscal '24, Metro opened 9 new stores, expanded its retail network by 318,000 square feet, and repurchased 7 million shares. Looking forward, Metro expects to resume profit growth in fiscal '25, aiming for sales growth between 2% to 4%, operating income growth of 4% to 6%, and adjusted earnings per share growth of 8% to 10% over the medium and long term.

Supply Chain Modernization Completion

Completion of the supply chain modernization project, a 7-year, nearly $1 billion investment, improving capacity and efficiency.

Strong Comparable Sales Growth

Comparable sales growth of 5.7% in Q4, with food up 2.2% and pharmacy up 5.7%.

Online Sales Growth

Online sales grew by 27% on a 12-week comparable basis, driven by third-party partnerships and the expansion of click-and-collect services.

Pharmacy Segment Performance

Prescription sales up 6.8%, supported by specialty medications and professional services, with 4.3 million clinical services performed.

Loyalty Program Expansion

Successful launch of MOI Rewards in Ontario with over 1 million enrollments in 4 weeks, enhancing customer engagement.

Share Repurchase Program

Renewal of share repurchase program with an increase of 3 million shares, reflecting strong financial health.

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Metro Inc. (TSE:MRU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:MRU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 15, 2018	2018 (Q3)	- / 0.75	0.78	-3.85% (-0.03)	―	―
Nov 21, 2018	2018 (Q4)	- / 0.63	0.66	-4.55% (-0.03)	―	―
Jan 29, 2019	2019 (Q1)	- / 0.67	0.67	0.00% (0.00)	―	―
Apr 17, 2019	2019 (Q2)	- / 0.60	0.47	27.66% (+0.13)	―	―
Aug 14, 2019	2019 (Q3)	- / 0.90	0.75	20.00% (+0.15)	―	―
Nov 20, 2019	2019 (Q4)	- / 0.68	0.63	7.94% (+0.05)	―	―
Jan 28, 2020	2020 (Q1)	- / 0.71	0.67	5.97% (+0.04)	―	―
Apr 22, 2020	2020 (Q2)	- / 0.72	0.6	20.00% (+0.12)	―	―
Aug 12, 2020	2020 (Q3)	- / 1.08	0.9	20.00% (+0.18)	―	―
Nov 18, 2020	2020 (Q4)	- / 0.77	0.68	13.24% (+0.09)	―	―

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
Nov 20, 2024	C$86.28	C$87.08	+0.93%
Aug 14, 2024	C$80.76	C$81.51	+0.93%
Apr 24, 2024	C$69.03	C$69.41	+0.55%
Jan 30, 2024	C$69.98	C$68.89	-1.56%

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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