TSX:MRUConsumer Retailing
Metro (TSX:MRU) Stock Slides As Strike Fallout Cuts Earnings
Metro stock has been drifting lower in recent weeks, even as the latest numbers land with a thud that feels more emotional than mathematical. The market is reacting to an earnings hit, yet a big chunk of the damage is tied to a strike that management pegs at roughly CA$90m in lost profit and extra costs in the quarter.
The headline for you is simple: adjusted earnings per share dropped to CA$1.24 and food same store sales declined 1.5%, both shaped heavily by that labour dispute. The question...