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Metro Reports 2024 Second Quarter Results

Metro to launch Moi Rewards in all 275 Metro and Food Basics stores in Ontario later this year; move marks first-ever loyalty program for Food Basics

Metro CEO announces an incoming price hike that will likely hit as soon as next week, caused by ending of industry-wide hiatus of supplier price increases; however, Metro says amount of supplier requests is down compared to last two years

Metro's Q1 net earnings down 1.1% year-over-year to US$228.5M; food same-store sales up 6.1%, pharmacy up 3.9%

Circular Innovation Council launches reuse initiative with Metro, Sobeys and Walmart Canada; food container pilot to launch in Ottawa in mid 2024, and Reusables.com will provide smart return bins to track container movements through washing, distribution

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