NOVEMBER 15, 2023 - METRO Reports 2023 Fourth Quarter Results

 HIGHLIGHTS

Please look at our Press Release (.pdf)

• 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