Last C$70.77 CAD
Change Today -0.17 / -0.24%
Volume 351.4K
As of 4:00 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

metro inc (MRU) Snapshot

Open
C$71.00
Previous Close
C$70.94
Day High
C$71.44
Day Low
C$70.54
52 Week High
08/19/14 - C$73.32
52 Week Low
11/13/13 - C$60.00
Market Cap
6.1B
Average Volume 10 Days
454.3K
EPS TTM
C$5.01
Shares Outstanding
85.7M
EX-Date
08/28/14
P/E TM
14.1x
Dividend
C$1.20
Dividend Yield
1.55%
Current Stock Chart for METRO INC (MRU)

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metro inc (MRU) Details

Metro Inc. operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, grocery stores, and discount and convenience stores that provide grocery products, meats, fruits and vegetables, delicatessen items, pastries, dairy products, frozen foods, bakery products, and prepared meals. The company also supplies, stores, and distributes meats and frozen foods, fresh and frozen seafoods, grocery, general merchandise, and non-perishable products. In addition, it offers its products under the private labels comprising Irresistibles and Selection. Further, the company is involved in the distribution of pharmaceutical and parapharmaceutical products for pharmacies, food supermarkets, and hospitals and treatment centers; and the operation of drugstores. It operates a network of 566 food stores under various banners, including Metro, Metro Plus, Super C, Food Basics, and Adonis; and 257 drugstores primarily under the Brunet, Pharmacy, and Drug Basics banners in Quebec and Ontario. The company also operates as a franchisor and distributor for 184 franchised Brunet Plus, Brunet, Brunet Clinique, and Clini Plus drug stores that are owned by independent pharmacists. Metro Inc. is headquartered in Montréal, Canada.

metro inc (MRU) Top Compensated Officers

Chief Executive Officer, President, General M...
Total Annual Compensation: C$813.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: C$450.5K
Senior Vice President of Quebec Division and ...
Total Annual Compensation: C$367.5K
Senior Vice-President of National Procurement...
Total Annual Compensation: C$315.0K
Compensation as of Fiscal Year 2013.

metro inc (MRU) Key Developments

Metro Inc. Declares Quarterly Dividend Payable on September 19, 2014; Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides CapEx Guidance for Fiscal 2015

Metro Inc. declared a quarterly dividend of $0.30 per Common Share payable September 19, 2014, an increase of 20% over the dividend declared for the same quarter last year. On an annualized basis, this dividend represents approximately 22% of 2013 adjusted net earnings from continuing operations. The company reported consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported sales totaled $3,622.1 million, up 1.4% compared to $3,572.2 million for the same quarter last year. Operating income before depreciation and amortization and associate's earnings totaled $253.3 million or 7.0% of sales versus $260.8 million or 7.3% of sales for the same quarter last year. Net earnings were $144.5 million, an increase of 0.1% over net earnings of $144.4 million for the same quarter of 2013. Fully diluted net earnings per share rose 9.4% to $1.63 from $1.49 last year. The company reported net earnings from continuing operations of $144.5 million or $1.63 per diluted share compared to $144.5 million or $1.49 per diluted share in last year. Same-store sales continue to improve and were up 1% for the quarter. For the nine months, sales totaled $8,878.2 million versus $8,788.9 million for the corresponding period of fiscal 2013, an increase of 1.0%. Operating income before depreciation and amortization and associate's earnings totaled $593.1 million versus $621.6 million for the corresponding period of the previous fiscal year. Adjusted operating income before depreciation and amortization and associate's earnings was $599.5 million, or 6.8% of sales compared to $621.6 million or 7.1% of sales for the corresponding period of 2013. This lower profitability is mainly due to the decreases in gross margins which were 18.9% and 19.1% respectively for the third quarter and 40-week period of fiscal 2014 compared to 19.2% and 19.3% for the corresponding periods of 2013, as part of the merchandising strategies adopted at the beginning of fiscal 2014 to improve sales. Net were $340.6 million, down 45.5% from $624.4 million for the corresponding period of 2013. Fully diluted net earnings per share were $3.76 compared with $6.42 last year, a decrease of 41.4%. Adjusted net earnings from continuing operations was $345.3 million or $3.81 per diluted share compared to $351.8 million or $3.59 per diluted share for the last year. For the fiscal 2015, tax rate is expected to be low 20% to 26%. With 26.9% state rate and reduce the impact of the Couche-Tard earnings, which are tax and capital gains, so that's usually a 0.7%, 0.8% impact on the tax rates, so that will be like a low 26%. CapEx is expected to be roughly will be $250 million.

Metro Eyes Acquisitions

Metro Inc. (TSX:MRU) is looking for acquisition opportunities. Francois Thibault, Chief Financial Officer of Metro, said that Metro remain well positioned financially with a ratio of nonrecurring debt to total capital, which now stands at 25.6%, up from 18.8% at the end of fiscal 2013. Metro liquidity position remains strong and gives us the flexibility and financial capacity for future growth both internally as well as through acquisitions should the opportunity arise.

Metro Inc. to Report Q3, 2014 Results on Aug 13, 2014

Metro Inc. announced that they will report Q3, 2014 results at 10:00 AM, Eastern Daylight on Aug 13, 2014

 

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