MONTREAL - METRO INC. has kicked off Fiscal 2025 with a strong performance, reporting its first-quarter results for the period ending December 21, 2024. The company highlighted notable growth across key metrics, showcasing its resilience and strategic focus in both the food and pharmacy sectors.

According to the press release, METRO's highlights this fiscal quarter were:

• Sales of $5,117.1 million, up 2.9 percent
• Food same-store sales up 1.0 percent and up 2.4 percent when adjusting for the Christmas week shift
• Pharmacy same-store sales up 5.1 percent
• Net earnings of $259.5 million, up 13.6%, and adjusted net earnings of $245.4 million, up 4.4 percent
• Fully diluted net earnings per share of $1.16, up 17.2 percent, and adjusted fully diluted net earnings per share of $1.10, up 7.8 percent
• Declared dividend of $0.37 per share, up 10.4 percent versus last year

"We are pleased with our first quarter results which were driven by solid revenue growth and good expense control. Our commercial programs continue to resonate with customers, aided by the successful launch of our Moi Rewards program in Ontario this fall, leading to increased traffic and tonnage. Our teams are focused on delivering value in all our banners and leveraging our recent supply chain investments. We are confident in our ability to continue to create long-term shareholder value," stated Eric La Flèche, President and Chief Executive Officer.

METRO’s strategic initiatives, including the successful rollout of the Moi Rewards program in Ontario, have played a pivotal role in driving customer engagement and traffic. The company’s focus on operational efficiency and supply chain investments has further strengthened its position in the competitive retail landscape.

As METRO continues to build on its momentum, the company remains committed to delivering value across its banners and creating long-term growth opportunities for its shareholders.