MONTRÉAL - METRO INC. announced its results for the third quarter of Fiscal 2025 ended July 5, 2025.
2025 Third Quarter Highlights
- Sales of $6,871.0 million, up 3.3%
- Food same-store sales up 1.9%
- Pharmacy same-store sales up 5.5%
- Net earnings of $323.0 million, up 9.0% and adjusted net earnings(1) of $331.8 million, up 8.8%
- Fully diluted net earnings per share of $1.48, up 13.0% and adjusted fully diluted net earnings per share of $1.52, up 12.6%
President's Message
"We are pleased with our results in the third quarter, marked by solid comparable sales growth in food and pharmacy, and good cost control. We successfully opened five new food stores in the quarter, a pace that will continue in the fourth quarter, on track with our plan to accelerate the development of our growing discount banners. We are confident that our sustained investments in our retail network and supply chain, combined with strong execution, will continue to fuel our growth and create long-term shareholder value(2)", declared Eric La Flèche, President and Chief Executive Officer, in a recent release.
Operating Results Sales
Sales in the third quarter of Fiscal 2025, which ended on July 5, 2025, were $6,871.0 million, up 3.3% versus the third quarter of the prior year, which ended on July 6, 2024, driven by higher sales in our retail network.
Food same-store sales were up 1.9% in the third quarter of Fiscal 2025 (2024 — 2.4%). Online food sales were up 14.4% versus last year (2024 — 34.3%). Our food basket inflation was generally in line with the reported CPI for food purchased from stores. Pharmacy same-store sales were up 5.5% (2024 — 5.2%), with a 6.2% increase in prescription drugs and a 4.0% increase in front-store sales, primarily driven by over-the-counter products, cosmetics, and health and beauty.
Sales in the first 40 weeks of Fiscal 2025 totalled $16,898.0 million, up 3.8% compared to $16,281.5 million for the corresponding period of 2024.
See the full report here.
