NOVEMBER 18, 2020 - METRO Reports 2020 Fourth Quarter Results
HIGHLIGHTS
Please look at our Press Release (.pdf)
- Sales of $4,143.6 million, up 7.4% and up 7.7% when excluding the impact of IFRS 16
- Food same-store sales up 10.0%
- Pharmacy same-store sales up 5.5%
- Net earnings of $186.5 million, up 11.4% and adjusted net earnings(1) of $193.1 million, up 11.0%
- Fully diluted net earnings per share of $0.74, up 12.1%, and adjusted fully diluted net earnings per share(1) of $0.77, up 13.2%
- Accelerated amortization totalling $10.7 million or $0.03 per share, related to the opening of our new fresh products distribution centre in Ontario
- Expenses related to COVID-19 totalling $27 million
- Synergies of $16 million related to the Jean Coutu Group acquisition, $75 million(3) on an annualized basis ($65 million(3) in 2019)
