August 12, 2026 - METRO Reports 2026 Third Quarter Results
HIGHLIGHTS
Please look at our Press Release (.pdf)
- Sales of $6,970.4 million, up 1.4%
- Food same‑store sales(1) down 1.5%
- Pharmacy same‑store sales(1) up 4.8%
- Net earnings of $211.3 million, down 34.6% and adjusted net earnings(1) of $262.6 million, down 20.9%
- Fully diluted net earnings per share of $1.00, down 32.4% and adjusted fully diluted net earnings per share(1) of $1.24, down 18.4%
- Estimated lost profit and direct cost impact of the ongoing labour conflict at our produce distribution centre in Laval of $66 million after‑tax or $0.32 per share (results are not adjusted for this impact)
- Retail and distribution network non‑recurring restructuring expenses and impairment of assets totaling $42.6 million after‑tax ($0.20 per share) expected to generate recurring annual net earnings improvement of approximately $15 million ($0.07 per share) by the end of Fiscal 2028(2) (results are adjusted for these charges)
- Returned $154.1 million to shareholders through share repurchases
- Opened five stores in the quarter
