METRO INC. announced Wednesday its results for the fourth quarter of Fiscal 2025 ended September 27, 2025, with sales on the upswing by 3.4% compared to last year. Sales also grew by 3.7% for the company’s Fiscal 2025.
“We ended our 2025 fiscal year with a solid fourth quarter, delivering adjusted fully diluted net earnings per share growth of 10.8%, achieving our financial framework on all metrics for the year. After almost two months of shutdown, I am pleased to report that we resumed operations last week at our frozen distribution centre in Toronto and expect to be essentially back to normal by the end of December. I want to thank all our teams who continue to execute our contingency plan to supply our stores, thereby minimizing the impact on our customers. During the quarter, we successfully opened 4 new food stores and converted 2 others, and we are confident that our sustained investments in our retail network combined with effective merchandising and strong execution will continue to resonate well with customers and create long-term shareholder value,“ said Eric La Flèche, President and Chief Executive Officer.
Operations were interrupted due to a mechanical issue in the refrigeration system.
2025 FOURTH QUARTER HIGHLIGHTS
- Sales of $5,108.7 million, up 3.4%
- Food same-store sales up 1.6%
- Pharmacy same-store sales up 4.8%
- Net earnings of $217.0 million, down 1.3% and adjusted net earnings of $246.0 million, up 8.6%
- Fully diluted net earnings per share of $1.00, up 2.0% and adjusted fully diluted net earnings per share of $1.13, up 10.8%
- Negative impact of $22.5 million on net earnings ($30.6 million before taxes) due to the temporary shutdown of our frozen food distribution centre in Toronto
FISCAL 2025 HIGHLIGHTS
- Sales of $22,006.7 million, up 3.7%
- Net earnings of $1,019.5 million, up 9.4% and adjusted net earnings of $1,049.8 million, up 7.9%
- Fully diluted net earnings per share of $4.63, up 12.7% and adjusted fully diluted net earnings per share of $4.77, up 10.9%
“Operations at our frozen food distribution centre in Toronto resumed on November 10 and we expect to be essentially back to normal by the end of December. We estimate that the direct costs associated with the temporary shutdown of our distribution centre will impact our net earnings by approximately $15 to $20 million in the first quarter of fiscal 2026. The impact on sales and gross profit is expected to be modest given the contingency plan in place. In addition to the ramp-up of the freezer, our focus remains on realizing efficiency gains throughout our supply chain and store network while we continue to execute on our plan to accelerate the development of our growing discount banners with the planned opening of about a dozen new or converted stores in the next fiscal year. We remain steadfast in our efforts to deliver the best value possible to our customers through our effective merchandising programs, strong private labels, the Moi program, and consistent execution at store level,” said Metro.
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