MRU.TO - Metro Inc.

Toronto - Toronto Delayed Price. Currency in CAD
57.60
+0.33 (+0.58%)
At close: 4:00PM EST
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Previous Close57.27
Open57.54
Bid57.55 x 0
Ask57.74 x 0
Day's Range57.43 - 58.13
52 Week Range45.76 - 59.03
Volume398,447
Avg. Volume539,944
Market Cap14.641B
Beta (3Y Monthly)0.14
PE Ratio (TTM)20.72
EPS (TTM)2.78
Earnings DateJan. 27, 2020 - Jan. 31, 2020
Forward Dividend & Yield0.80 (1.40%)
Ex-Dividend Date2019-10-24
1y Target Est57.40
  • Defensive Investors: Here’s the “Best Buy” Consumer Staple
    The Motley Fool

    Defensive Investors: Here’s the “Best Buy” Consumer Staple

    Defensive stocks continue to be one of the most important industries to add exposure to going into 2020, such as a stock like Loblaw Companies Ltd (TSX:L).

  • Metro Inc. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models
    Simply Wall St.

    Metro Inc. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models

    Metro Inc. (TSE:MRU) came out with its full-year results last week, and we wanted to see how the business is...

  • Buy This Consumer Staples Stock if You’re Worried About a Slowdown
    The Motley Fool

    Buy This Consumer Staples Stock if You’re Worried About a Slowdown

    Metro Inc. (TSX:MRU) is a top stock to own in a slowdown, as this company can be expected to continue to post healthy results that are immune to economic shocks.

  • 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 (17,005.82, down 5.58 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 39 cents, or 12.54 per cent, to $3.50 on 28.4 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up five cents, or 0.42 per cent, to $11.86 on 8.3 million shares.Encana Corp. (TSX:ECA). Energy. Up 16 cents, or 3.04 per cent, to $5.42 on 8 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 16 cents, or 21.92 per cent, to 89 cents on 6.9 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Up $3.18, or 15.66 per cent, to $23.49 on 6.7 million shares.Aphria Inc. (TSX:APHA). Health care. Up 31 cents, or 5.46 per cent, to $5.99 on 6.1 million shares. Companies in the news:Canadian National Railway Co. (TSX:CNR). Down $2.20 or 1.8 per cent to $120.45. A chronic shortage of truck drivers across Canada is compounding concerns about the impact of a strike at Canadian National Railway Co., says the Forest Products Association of Canada. The forest industry supplies about 10 per cent of the tonnage transported on Canada's railway system, CEO Derek Nighbor said, adding his industry is already reeling from a downturn that has resulted in several mill shutdowns and hundreds of layoffs in British Columbia. The strike by roughly 3,200 Teamsters Canada Rail Conference members began after the union and company failed to reach a deal by a Monday midnight deadline.Metro Inc. (TSX:MRU). Up 74 cents or 1.3 per cent to $55.98. Metro Inc. plans to roughly double the number stores with self checkouts during its 2020 financial year as the industry contends with a tight labour market. CEO Eric La Fleche said the company is managing through the problem so far but he noted at a certain point, if staff don't show up or stores can't find people to fill vacancies, store conditions start to reflect that reality. More than 100 Metro stores already have self checkouts installed and the company plans to add the technology to another 100 locations this fiscal year, he said.Encana Corp. (TSX:ECA). — The CEO of Encana Corp. is firing back after Canadian investment manager Letko, Brosseau & Associates Inc. said it would vote its four per cent stake against the Calgary-based company's planned headquarters move to Denver. Doug Suttles, a Texan who lives in Denver, says the company is "disappointed" by the investor's stance against what he says is a "crystal clear" rationale to expose the company to growing pools of investment from U.S. index funds and passively managed accounts. He says he disagrees with Letko Brosseau's assertion that the move means investors holding Encana through indexed Canadian funds or with Canadian-only investment policies would have to sell shares, thus compounding recent share price deterioration.This report by The Canadian Press was first published Nov. 20, 2019. The Canadian Press

  • Metro Inc. expanding use of in-store technology amid labour crunch
    The Canadian Press

    Metro Inc. expanding use of in-store technology amid labour crunch

    Metro Inc. plans to roughly double the number stores with self checkouts during its 2020 financial year as the industry contends with a tight labour market."It's a challenge," said CEO Eric La Fleche, during a conference call with analysts after the company released its fourth-quarter results."I suspect it's a challenge for everybody in retail and it's a challenge for us to staff stores."In October, the unemployment rate in Quebec was five per cent and 5.3 per cent in Ontario, according to Statistics Canada. Both fell below the national rate of 5.5 per cent.Metro operates most of its food and pharmacy stores in Canada's two largest provinces along with some Jean Coutu locations in New Brunswick.La Fleche said the company is managing through the problem so far but he noted at a certain point, if staff don't show up or stores can't find people to fill vacancies, store conditions start to reflect that reality."That's why technology, like self checkout or shelf labels, helps in making the job simpler for our store people," he said.More than 100 Metro stores already have self checkouts installed and the company plans to add the technology to another 100 locations this fiscal year, he said.Currently, 37 stores have electronic shelf labels that don't require price tags to be updated manually, he said, and Metro is targeting to boost that number to close to 100 by the end of its 2020 financial year.While the company is installing the self checkouts in an effort to improve customer experience, La Fleche said the technology and electronic shelf labels help manage labour costs."If we manage our hours well ... we're seeing some labour savings as expected to provide the return on investments."Labour savings vary by store, he added.The comments came as the retailer ended its fiscal year with a 15.4 per cent net earnings boost in the fourth quarter.The Montreal-based company earned $167.4 million or 66 cents per diluted share for the period ended Sept. 28, up from 56 cents per share or $145 million a year earlier.Excluding one-time items, Metro earned $174 million or 68 cents per share in adjusted profits, compared with $161 million or 63 cents per share a year ago.Revenues increased 3.3 per cent to $3.86 billion, from $3.74 billion as food same-store sales climbed 4.1 per cent and pharmacy same-store sale were up 3.4 per cent.Metro was expected to report 69 cents per share in adjusted profits on $3.85 billion of revenues, according to financial markets data firm Refinitiv.For the full year, net earnings fell by more than half to $714.4 million from $1.72 billion following the sale of operations. Adjusted profits grew 26.3 per cent to $731.6 million or $2.84 per share. That compared with $579.2 million or $2.41 per share in the 2018 fiscal year.Revenues were $16.77 billion, up 16.6 per cent from $14.38 billion or up 3.2 per cent when excluding the Jean Coutu Group.This report by The Canadian Press was first published on Nov. 20, 2019.Companies in this story: (TSX:MRU)Aleksandra Sagan, The Canadian Press

  • CNW Group

    METRO INC. Renews its Share Buyback Program

    MONTREAL, Nov. 20, 2019 /CNW Telbec/ - METRO INC. (TSX:MRU.TO - News) announces that it is renewing its normal course issuer bid program and that such renewal has been approved by the Toronto Stock Exchange. The Corporation decided to renew the issuer bid program as an additional option for using excess funds. Thus, the Corporation will be able to repurchase, in the normal course of business, between November 25, 2019 and November 24, 2020, up to 7,000,000 of its Common Shares representing approximately 2.75 % of its issued and outstanding shares on November 12, 2019.

  • CNW Group

    METRO Reports 2019 Fourth Quarter Results

    MONTRÉAL, Nov. 20, 2019 /CNW Telbec/ - METRO INC. (TSX: MRU) today announced its results for the fourth quarter of fiscal 2019 ended September 28, 2019. 2019 FOURTH QUARTER HIGHLIGHTS Sales of $3,858.9 ...

  • CNW Group

    /R E P E A T -- METRO Inc. to Release 2019 Fourth Quarter Results/

    MONTREAL , Oct. 8, 2019 /CNW Telbec/ - METRO Inc. will release its fourth quarter fiscal 2019 results on November 20 th , 2019. The release will be followed by a conference call at 9:30 a.m. (EST) . Mr. ...

  • A Note On Metro Inc.'s (TSE:MRU) ROE and Debt To Equity
    Simply Wall St.

    A Note On Metro Inc.'s (TSE:MRU) ROE and Debt To Equity

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • 3 Dividend Aristocrats You Can Buy for Effortless Growth
    The Motley Fool

    3 Dividend Aristocrats You Can Buy for Effortless Growth

    Metro stock, Empire Company stock, and Cogeco Communications are three Dividend Aristocrats with small yields and substantial growth.

  • TFSA Investors: This Grocery Stock Can Make You Lots of Money
    The Motley Fool

    TFSA Investors: This Grocery Stock Can Make You Lots of Money

    Metro Inc. stock is trading at a premium valuation, but here's why it can be a good defensive add to your portfolio.

  • Are Insiders Selling Metro Inc. (TSE:MRU) Stock?
    Simply Wall St.

    Are Insiders Selling Metro Inc. (TSE:MRU) Stock?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Canadian Families: 3 Important Ways You Can Prepare for the Next Recession
    The Motley Fool

    Canadian Families: 3 Important Ways You Can Prepare for the Next Recession

    The time to prepare for a recession is now. There are easy steps you can take today including swapping high-risk stocks with boring names like Metro Inc. (TSX:MRU).

  • Don’t Fear the Next Bear Market!
    The Motley Fool

    Don’t Fear the Next Bear Market!

    If the possibility of a recession is making you nervous, you should consider buying defensive stocks like Fortis (TSX:FTS)(NYSE:FTS).

  • Canada Election: Focus on Food Stocks
    The Motley Fool

    Canada Election: Focus on Food Stocks

    Food prices continue to rise while retailers like Metro Inc. (TSX:MRU) and Loblaw Companies Ltd. (TSX:L) have posted solid same-store growth in 2019.

  • Early Retirees: Recession Proof Your Retirement with This 1 Defensive Stock Strategy
    The Motley Fool

    Early Retirees: Recession Proof Your Retirement with This 1 Defensive Stock Strategy

    The best strategy is to protect your investment portfolio, just in case you are unlucky enough to retire during a down year, with defensive stocks like Metro (TSX:MRU).

  • This Stock Could Make You a TFSA Millionaire
    The Motley Fool

    This Stock Could Make You a TFSA Millionaire

    You could end up having more than $1 million in your TFSA by buying Metro Inc. (TSX:MRU) stock.

  • CNW Group

    METRO Inc. to Release 2019 Fourth Quarter Results

    MONTREAL , Oct. 8, 2019 /CNW Telbec/ - METRO Inc. will release its fourth quarter fiscal 2019 results on November 20 th , 2019. The release will be followed by a conference call at 9:30 a.m. (EST) . Mr. ...

  • Shareholders Are Thrilled That The Metro (TSE:MRU) Share Price Increased 131%
    Simply Wall St.

    Shareholders Are Thrilled That The Metro (TSE:MRU) Share Price Increased 131%

    When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can...

  • Baystreet

    Stocks in play: Metro Inc.

    Declared a quarterly dividend of $0.20 per common share, payable on November 12, to shareholders of ...

  • CNW Group

    METRO INC. - Dividend Notice

    MONTRÉAL, Sept. 30, 2019 /CNW Telbec/ - METRO INC. declares a quarterly dividend of $0.20 per common share, payable on November 12, 2019 to shareholders of record as at October 25, 2019, which is the same ...