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Metro (TSX:MRU) Sets Sights on 8-10% Earnings Growth for FY25
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Highlights
Metro Inc. (TSX:MRU), a major grocery retailer in Canada, operates well-known grocery banners such as Super C, Metro Plus, Food Basics, and Metro. Additionally, its pharmacies are primarily branded under Jean Coutu and Brunet.
In the first quarter of 2025 (Q1 2025), Metro Inc. reported a 2.9% YoY increase in sales, reaching CAD 5,117.1 million, compared to CAD 4,974.2 million in Q1 2024. This growth was largely driven by higher same-store sales, increased online food sales, and a boost in Pharmacy same-store sales. The company also saw a 3.6% YoY increase in gross profit, reaching CAD 1,008.3 million, which was primarily attributed to the higher revenue levels. Earnings before income taxes for the quarter rose by 4.1% YoY, amounting to CAD 317.2 million, a result of increased revenue and an improvement in gross profit.
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