US EditionMetro raises dividend, Q1 profit down on frozen food distribution centre costs
- On Jan. 27, 2026, Metro Inc. raised its quarterly dividend to 40.75 cents per share, while first-quarter net earnings fell to $226.3-million for the period ended Dec. 20, 2025.
- A nearly two-month shutdown of Metro Inc.'s Toronto frozen-food distribution centre from Sept. 12 to Nov. 10 caused lost product, repairs and $15.9-million in after-tax storage and shipping costs.
- Data-first: online grocery sales grew 25.8 per cent, and same-store sales increased 1.6 per cent at Metro grocery stores and 3.9 per cent at Jean Coutu, according to the company.
- The company said the frozen-centre challenges are now behind it as Metro Inc. plans efficiency gains across supply chain and stores and about a dozen new or converted discount stores this year.
- Amid accelerating food inflation, Statistics Canada reported food inflation accelerating 5 per cent in December, and Prime Minister Mark Carney announced the Canada Groceries and Essentials Benefit for low- and moderate-income families.
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Metro CEO says consumers still shopping at discount banners amid high food prices
The chief executive of Metro Inc. says 2025 was a particularly challenging environment for the grocer as a slowing economy and high food prices continued to hammer customers' wallets.
Retailers increase their dividend by 10% despite a 13% drop in profit.
Metro raises dividend, Q1 profit down on frozen food distribution centre costs
Grocery and drugstore retailer Metro Inc. raised its dividend as it reported its first-quarter profit fell compared with a year ago, weighed down by costs related to the temporary closure of its frozen food distribution centre in Toronto
Metro saw its net profit decrease by 12.8% from year to year in the first quarter, but its turnover increased by 3.3% compared to the same period a year earlier.
Metro Brands Q3 Profit Surges, Declares Dividend
Metro Brands Ltd. (MBL) announced robust Q3 FY26 results, fueled by festive season demand and GST reduction on lower-priced footwear. Revenue surged 15% to ₹811 crore, while net profit jumped 37.1% YoY to ₹130 crore. EBITDA: Increased 17.6% YoY to ₹265 crore, with margins expanding by 500 bps to 32.7%. Digital Sales: Grew 24% in Q3, contributing 12% of revenue, and 35% for the 9-month period, accounting for 13% of revenue. Expansion: 35 new sto…
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