MONTRÉAL - METRO INC. announced its results for the first quarter of Fiscal 2026 ended December 20, 2025.

2026 FIRST QUARTER HIGHLIGHTS

• Sales of $5,285.8 million, up 3.3%
• Food same-store sales(1) up 1.6% and up 1.9% when adjusting for the Christmas shift(3)
• Pharmacy same-store sales(1) up 3.9%
• Net earnings of $226.3 million, down 12.8% and adjusted net earnings(1) of $248.7 million, up 1.3%
• Fully diluted net earnings per share of $1.05, down 9.5% and adjusted fully diluted net earnings per share(1) of $1.16, up 5.5%
• Earnings adjusted for the negative impact of $15.9 million ($21.6 million before taxes) for the direct costs related to the temporary shutdown of our frozen food distribution centre in Toronto
• Declared dividend of $0.4075 per share, up 10.1% versus last year

President's Message

"We delivered sales and earnings per share growth in a challenging operating environment, marked by the temporary closure of our freezer in Toronto and persistent food inflation. We are pleased with our new discount store openings and our growing market share in a very competitive market. Our teams are committed to provide the best value possible to our customers and we are confident that our diversified business model, sustained investments in our retail networks and strong execution will continue to deliver long term growth for our shareholders," declared Eric La Flèche, President and Chief Executive Officer, in the recent release.

See the full release here.