Press Releases 2010

August 11, 2010 - Metro's fully diluted net earnings per share increased by 10.9% in the third quarter of 2010

2010 Third quarter highlights

  • Net earnings of $120.0 million, up 6.6%
  • Fully diluted net earnings per share of $1.12, up 10.9%
  • Sales of $3,561.3 million, up 1.4%
  • Declared dividend of $0.17 per share, up 23.6%

(Montréal, August 11, 2010) – METRO INC. (TSX: MRU.A) announced its results today for the fiscal 2010 third quarter ended July 3, 2010. METRO realized net earnings of $120.0 million, an increase of 6.6% over the same quarter last year, and fully diluted net earnings per share of $1.12 versus $1.01 last year, an increase of 10.9%.

“We are pleased with our third quarter results as they improved upon last year’s excellent third quarter, despite persistent deflation in certain product categories and continuing consumer caution. Following the successful launch of our new Metro & Me loyalty card in Québec City last April, we will roll out this new program throughout the other Québec regions in the fall. Going forward, we are confident that our customer centric strategies combined with disciplined cost control will allow us to sustain(2) our growth,” stated Eric R. La Flèche, President and Chief Executive Officer.

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