Sales Growth
Total sales in Q4 reached $5.1 billion, an increase of 3.4% from the previous year. Food same-store sales grew by 1.6%, while pharmacy same-store sales increased by 4.8%.
Gross Margin Improvement
Gross margin for the quarter was $1.022 billion, accounting for 20% of sales, up from 19.7% in the previous year, driven by shrink improvement and productivity gains.
Adjusted Net Earnings Increase
Adjusted net earnings rose to $246 million from $227 million last year, marking an 8.6% increase, with adjusted EPS growing by 10.8% year-over-year.
Resumption of Toronto DC Operations
Operations at the Toronto distribution center resumed on November 10, with expectations to return to normal by the end of December.
Pharmacy Division Performance
Pharmacy sales were strong with prescription sales up by 5.5%, driven by specialty medications and clinical services.
Online Sales Growth
Online sales grew by 19.8% in the quarter, boosted by click-and-collect services and home delivery launches.
Store Expansion
Opened 14 new stores during fiscal '25, with a net increase of 294,000 square feet in retail space.