2021 Fourth Quarter Results MONTRAL, Nov. 17, 2021 /CNW Telbec/ - METRO INC. (TSX: MRU) today announced its results for the fourth quarter of fiscal 2021 ended September 25, 2021.
2021 FOURTH QUARTER HIGHLIGHTS
- Sales of $4,092.0 million, down 1.2%, and up 6.0% vs 2019
- Food same-store sales down 2.9%, and up 6.8% vs 2019
- Pharmacy same-store sales up 4.1%, and up 9.8% vs 2019
- Net earnings of $194.0 million, up 4.0% and adjusted net earnings(1) of $200.6 million, up 3.9%, and up 15.9% and 15.3% respectively vs 2019
- Fully diluted net earnings per share of $0.79, up 6.8%, and adjusted fully diluted net earnings per share(1) of $0.81, up 5.2%, and up 19.7% and 19.1% respectively vs 2019
- Expenses related to COVID-19 totalling $9 million
2021 FISCAL HIGHLIGHTS
- Sales of $18,283.0 million, up 1.6%, and up 9.0% vs 2019
- Net earnings of $825.7 million, up 3.7% and adjusted net earnings(1) of $854.2 million, up 3.0%, and up 15.6% and 16.8% respectively vs 2019
- Fully diluted net earnings per share of $3.33, up 6.1%, and adjusted fully diluted net earnings per share(1) of $3.44, up 5.2%, and up 19.8% and 21.1% respectively vs 2019
- Expenses related to COVID-19 totalling $104 million, including $24 million of gift cards to front-line employees
- Record level of capital spending of just under $600 million