Grocer Metro reports fourth-quarter profit and sales up from year ago

MONTREAL – Metro Inc. (TSX:MRU) says it earned $131.7 million in its latest quarter, up from $115.6 million a year ago.

The grocery and drug store retailer says the profit amounted to 52 cents per diluted share for what was its fourth quarter, up from 44 cents per share a year ago.

Sales for the quarter grew to $2.83 billion from $2.71 billion in the same quarter last year.

Same-store sales were up 3.4 per cent.

For its full year, Metro earned $519.3 million or $2.01 per share on $12.2 billion in sales. That compared with a profit of $456.2 million or $1.69 per share on $11.6 billion in sales the previous year.

Metro has more than 800 grocery stores including the Metro, Metro Plus, Super C and Food Basics banners as well as more than 250 drugstores and pharmacies including Brunet, Clini Plus, Pharmacy and Drug Basics