Metro Inc news

22 April 2022
Canada’s Metro Inc. saw a flight to value in the second quarter against a backdrop of stronger inflation. While it was expected to moderate in the second half of the year, the outlook remains complex. Q2 key numbers Sales up 1.9% to $4,274m Food same-store sales up 0.8% Pharmacy same-store sales up 9.4%, with front-of-store up 13.3% Grocery ecommerce sales up 6.0% Net earning...
27 January 2022
We look at how Metro Inc. is responding to the current COVID-19, supply chain and inflation challenges. Metro first quarter key numbers Q1 sales increased 0.9% to $4.3bn Food same-store sales fell 1.4% while pharmacy same-store sales increased 7.7% Net earnings increased 8.6% to $207.7m Responding to operational challenges The quarter brought a familiar story of the last tw...
22 November 2021
Canada’s Metro Inc. delivered a solid performance for fiscal 2021. As lockdowns and restrictions continue to ease it is seeing a switch to pre-pandemic trends. However, one are that is seeing stickiness is ecommerce. We look at some of the initiatives it has underway in the channel. Metro fourth quarter and full year key numbers Q4 sales fell 1.2% to $4.1bn Food same-store sales fell ...
12 August 2021
We review Metro’s Q3 performance in Canada as it lapped last year’s pandemic-driven surge in demand. Third quarter key numbers Total sales fell 2.0% to $5.7bn, up 9.4% vs 2019 Food same-store sales down 3.6%, up 11.4% vs 2019 Pharmacy same-store sales up 7.6%, and up 8.6% vs 2019 Ecommerce sales increased 19% Net earnings down 4.2% to $252.4m COVID-19 related expenses of $...
24 May 2021
We look at Metro’s latest new store opening, operated by its franchise partners, Frédéric and Martin Thibeault. COVID-19 legacy The 31,425 sq ft store is the fifth to be operated by the Thibeault family and forms part of a broader commercial development being undertaken by the family. It will also incorporate one of Metro’s other key formats, a Jean Coutu health and beauty store. One of the...
22 April 2021
We review Metro’s Q2 performance, including strong ecommerce sales, and the outlook as it starts to cycle the surge in demand at the start of the COVID-19 pandemic last year. Second quarter key numbers Total sales increased 5.1% to $4.2bn Food same-store sales up 5.5%, and up 10.1% for the first 10 weeks of the quarter Pharmacy same-store sales down 0.8% Ecommerce sales increase...
18 January 2021
With health and wellness the focus for many retailers at the start of the year, we look at three new initiatives from North America. These are centred on helping consumers make healthier choices, access specialist information, and track progress on their healthy eating journeys. USA: Hy-Vee launches virtual dietitian platform The new platform, Healthie, from Midwest-based Hy-Vee, enables cu...
18 November 2020
We review Metro’s fourth quarter and its plans for further ecommerce investments. Key numbers Fourth quarter sales increased 7.4% to $4.1bn Food same-store sales up 10.0% and pharmacy same-store sales up 5.5% Net earnings up 11.4% to $186.5m Full year sales up 7.3% to $18.0bn, with net earnings up 11.5% to $796.4m Source: IGD Research Conventional growing ahead of d...
09 September 2020
Metro Inc. is accelerating the roll-out of the FoodHero app to almost 100 stores, following a successful pilot over the last nine months. Saving customers 30-50% Launched last May, the FoodHero app enables customers to save 30-50% on unsold products that are close to their expiry dates. Following a pilot in five Metro stores in Montreal, over 30,000 products were sold via the app. Through t...
22 April 2020
We review Metro Inc.’s second quarter performance, including the impact of the coronavirus (Covid-19) pandemic on its results. Sales up $125m due to pandemic Metro’s sales increased by 7.8% to $4.0bn in Q2, with the last two weeks of the quarter impacted by the pandemic. Same-store food sales were up 9.7%, while pharmacy same-store sales increased 7.9%. Adjusted net earnings were up 17.9% t...