)
Metro (MRU) investor relations material
Metro Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 sales reached CAD 5.1 billion, up 3.4% year-over-year, driven by growth in discount and pharmacy retail networks.
Adjusted net earnings rose 8.6% to CAD 246 million, with adjusted EPS up 10.8% to $1.13.
Net earnings for Q4 were CAD 217 million, down 1.3% year-over-year, while fiscal 2025 net earnings were CAD 1,019.5 million, up 9.4%.
Operations at the Toronto frozen distribution center were disrupted, incurring a CAD 22.5 million after-tax impact in Q4.
Fiscal 2025 sales totaled CAD 22,006.7 million, up 3.7% from the prior year.
Financial highlights
Food same-store sales increased 1.6%, pharmacy same-store sales grew 4.8%, with prescription sales up 5.5%.
Gross margin improved to 20% of sales, up from 19.7% last year, aided by shrink and productivity gains.
EBITDA rose 5.5% to CAD 485 million (9.5% of sales); adjusted EBITDA was CAD 491 million, up 6.8%.
Operating expenses as a percentage of sales were 10.5% in Q4 and 10.4% for the year.
Cash inflows from operating activities were CAD 1,724.9 million for the year, up from CAD 1,677.0 million in 2024.
Outlook and guidance
Direct costs from the freezer issue expected to impact Q1 FY 2026 net earnings by CAD 15–20 million.
CapEx for FY 2026 projected at approximately CAD 550 million, focused on retail network investments.
Plans for a dozen new discount stores in FY 2026, with net square footage growth expected above 1%.
Operations at the Toronto frozen food distribution centre resumed in November 2025, with full normalization expected by end of December.
Food same-store sales trends in Q1 similar to Q4; pharmacy prescription sales remain strong, but OTC softer.
Next Metro earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage