METRO Reports 2023 Fourth Quarter Results

Sample article from our Retail & Omnichannel

November 15, 2023 (press release) –

 

NOVEMBER 15, 2023 - METRO Reports 2023 Fourth Quarter Results

 HIGHLIGHTS

  • 13-week quarter versus 12 weeks in 2022
  • Sales of $5,071.7 million, up $14.4%
  • Food same-store sales(1) up 6.8%
  • Pharmacy same-store sales(1) up 5.5%
  • Net earnings of $222.2 million, up 31.7%, and adjusted net earnings(1) of $228.8 million, up 4.3%
  • Fully diluted net earnings per share of $0.96, up 37.1%, and adjusted fully diluted net earnings per share(1) of $0.99, up 7.6%
  • Negative impact of about $0.12 per share due to a labour conflict at 27 Metro stores in the Greater Toronto Area

 

 

 

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