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Metro Inc. (MRU.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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58.75+0.61 (+1.05%)
At close: 4:00PM EDT
Full screen
Previous Close58.14
Bid58.65 x 0
Ask58.76 x 0
Day's Range57.75 - 59.19
52 Week Range49.03 - 61.74
Avg. Volume546,638
Market Cap14.792B
Beta (5Y Monthly)-0.10
PE Ratio (TTM)20.39
EPS (TTM)2.88
Earnings DateAug. 12, 2020
Forward Dividend & Yield0.90 (1.55%)
Ex-Dividend DateMay 20, 2020
1y Target Est60.80
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,575.28, down 78.27 points)StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up 2.5 cents, or 38.46 per cent, to nine cents on 17.8 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 43 cents, or 0.96 per cent, to $45.09 on 8.6 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up 47 cents, or 2.08 per cent, to $23.09 on 7.4 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 10 cents, or 0.49 per cent, to $20.55 on 6.5 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down 15 cents, or 0.43 per cent, to $34.72 on 6.1 million shares.B2Gold Corp. (TSX:BTO). Materials. Down four cents, or 0.47 per cent, to $8.53 on 5.5 million shares.Companies in the news:Metro Inc. (TSX:MRU). Up 61 cents, or nearly 1.05 per cent, to $58.75. Metro Inc. reported a profit of $263.5 million in its latest quarter, up from $222.4 million a year ago, while its sales rose more than 10 per cent as Canadians stayed and cooked at home due to the pandemic. The grocery and pharmacy store retailer, which owns the Jean Coutu Group, says the profit amounted to $1.04 per share for the 16-week period ended July 4, up from 86 cents per share a year ago. Sales totalled $5.84 billion, up from $5.23 billion. Food same-store sales rose 15.6 per cent, while pharmacy same-store sales edged up 1.0 per cent. On an adjusted basis, Metro says it earned $1.08 per share for what was the company's third quarter, up from an adjusted profit of 90 cents per share a year ago.CAE Inc. (TSX:CAE). Down 24 cents, or 1.09 per cent, to $21.70. CAE Inc. says it had a loss of $110.6 million in its latest quarter and plans a restructuring program that is expected to cost $100 million over the next 12 months. Chief executive Marc Parent says CAE faced the full brunt of the COVID-19 pandemic in the quarter and the worst may now be behind it, but the recovery is unlikely to be linear or quick. The maker of flight simulators says the loss amounted to 42 cents per share for the quarter ended June 30 compared with a year-earlier profit of $61.5 million or 23 cents per share. Revenue in what was the first quarter of the company's 2021 financial year fell to $550.5 million, compared with $825.6 million a year ago.Total Energy Services Inc. (TSX:TOT). Up eight cents, or nearly 3.64 per cent, to $2.28. Total Energy Services Inc. reported a 68 per cent decline in revenue in the second quarter due to a near collapse in oilfield activity in North America but beat analyst estimates for adjusted income. The Calgary-based drilling company's total reported adjusted earnings of $12.9 million on revenue of $70.8 million in the three months ended June 30, was down from $17.5 million on $212.7 million in the year-earlier period. Adjusted earnings beat analyst expectations of $7.3 million despite revenue coming in well below forecasts of $100.7 million, according to financial data firm Refinitiv.This report by The Canadian Press was first published Aug. 12, 2020.The Canadian Press

  • Metro sales up more than 10% as Canadians eat at home; profit rises to $263.5M
    The Canadian Press

    Metro sales up more than 10% as Canadians eat at home; profit rises to $263.5M

    Metro Inc. expects to continue to benefit from COVID-19 thanks to strong sales and decreasing coronavirus-related costs as the grocer recently ended its temporary wage bump for employees who worked through the early days of the pandemic.The grocery retailer's same-store sales, a key retail metric, for the first four weeks of its current quarter were up about 10 per cent at food stores. In its pharmacies, front-door same-store sales were up more than six per cent."Those are healthy numbers," said CEO Eric La Fleche during a conference call with analysts Wednesday after the company reported its third-quarter financial results.Same-store sales for the completed third quarter were up 15.6 per cent at food stores and down 2.5 per cent in front-door sales at pharmacies.Meanwhile, additional costs related to operating during COVID-19 started to fall.The company spent an additional $107 million in COVID-19 related expenses during the three months ended July 4. About half of that came from a temporary wage increase and bonus for its essential workers that has since ended, while the remainder was spent on things such as cleaning, signage and personal protection equipment.Metro, along with competitors Loblaw Companies Ltd. and Sobeys Inc., announced in June their temporary wage increases would end June 13. Metro was paying workers a $2 hourly premium starting March 8. It offered full-time employees an additional $200 bonus and part-time workers $100 bonus when the extra pay program ended.The major grocers' decision to stop paying their workers simultaneously faced criticism and executives from each company were called before the House of Commons standing committee on industry, science and technology in July. La Fleche and his colleagues said each made their move independently."If you assume that half (of the $107 million) is the temporary wage increase, you can assume that half is remaining," said chief financial officer Francois Thibault.That remaining half is about $13 million every four weeks, he said. However, since some expenses are now behind the company, such as purchasing protective shields and donations, he expects that figure to be around $10 million to $12 million every four weeks going forward.The Montreal-based company reported a $263.5-million profit in its latest quarter, up from $222.4 million a year ago, with sales rising more than 10 per cent as more Canadians cooked at home due to the pandemic.The profit amounted to $1.04 per share for the 16-week period, up from 86 cents per share a year ago.Sales totalled $5.84 billion, up from $5.23 billion.On an adjusted basis, Metro earned $1.08 per share for what was the company's third quarter, up from an adjusted profit of 90 cents per share a year ago.Analysts on average had expected an adjusted profit of $1.07 per share, according to financial markets data firm Refinitiv.In its outlook, Metro said it was impossible to predict how long the pandemic will continue or what it would mean for long-term shopping patterns.This report by The Canadian Press was first published Aug. 12, 2020.Companies in this story: (TSX:MRU)Aleksandra Sagan, The Canadian Press

  • CNW Group Test

    METRO Reports 2020 Third Quarter Results

    METRO INC. (TSX: MRU) today announced its results for the third quarter of fiscal 2020 ended July 4, 2020.