Metro Management
Management criteria checks 4/4
Metro's CEO is Eric La Fleche, appointed in Apr 2008, has a tenure of 18.25 years. total yearly compensation is CA$6.79M, comprised of 16% salary and 84% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth CA$25.32M. The average tenure of the management team and the board of directors is 6.5 years and 5.3 years respectively.
Key information
Eric La Fleche
Chief executive officer
CA$6.8m
Total compensation
| CEO salary percentage | 15.98% |
| CEO tenure | 18.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 6.5yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
Narrative Update • Jun 07
MRU: Succession Plan And Buybacks Will Balance Labour And Execution Risks
Metro's analyst price targets have been trimmed by CA$2 to CA$7 across several firms, with analysts citing updated assumptions on discount rates and future P/E multiples as they revisit their valuation work on the stock. Analyst Commentary Recent Street research has focused on reworking discounted cash flow assumptions and target P/E multiples for Metro, which has led to the CA$2 to CA$7 trims in price targets across several firms.Narrative Update • May 10
MRU: Repurchases And Long Term Outlook Will Offset Labour And Execution Worries
Metro's analyst price target has been reduced, with several firms trimming their views by CA$2 to CA$7 as analysts reassess their assumptions while leaving long term fair value and growth estimates largely unchanged. Analyst Commentary Recent research updates show a cluster of target cuts on Metro, with several firms lowering their 12 month views by CA$2 to CA$7 while keeping their long term assumptions largely intact.Narrative Update • Apr 25
MRU: Calmer Repricing Will Meet Buybacks Dividend Hike And Labour Uncertainty
Analysts have trimmed Metro's blended price target by approximately CA$2.45, reflecting slightly higher discount rate assumptions, modest tweaks to fair value estimates, and recent target cuts from multiple Canadian banks. Analyst Commentary Recent Street research has focused on resetting expectations for Metro, with several firms trimming their price targets by amounts ranging from CA$1 to CA$7.Narrative Update • Apr 10
MRU: Modest Repricing Will Meet Steady Buybacks And Higher Dividend
Metro's analyst price target has moved slightly, with a modest adjustment of a few Canadian dollars as analysts factor in updated fair value estimates, a lower discount rate, and essentially unchanged revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research shows a cluster of small target cuts in the C$1 to C$7 range, which points to analysts fine tuning their models rather than making wholesale changes to their view on Metro.Narrative Update • Mar 27
MRU: Trimmed Expectations Will Meet Steady Buybacks And Higher Dividend
Analyst price targets for Metro have been trimmed by CA$1 to CA$7 across several firms, with analysts citing updated assumptions that leave fair value and key model inputs effectively unchanged. Analyst Commentary Recent research updates show a cluster of lower price targets for Metro, with cuts ranging from CA$1 to CA$7.Narrative Update • Mar 13
MRU: Modest Multiple Reset Will Meet Steady Buybacks And Dividend Policy
Analysts have trimmed their average Metro price target by CA$1 to reflect updates from several firms, while still pointing to modest adjustments in discount rates, revenue growth assumptions, profit margins and future P/E expectations. Analyst Commentary Recent research updates have focused mainly on fine tuning valuation frameworks for Metro, with several firms trimming their price targets in the CA$1 to CA$7 range.Narrative Update • Feb 26
MRU: Buybacks And Dividend Policy Will Offset Cautious Sentiment Going Forward
Narrative Update on Metro The blended analyst price target for Metro has been reduced by CA$1. This reflects a series of recent cuts from firms including RBC Capital, BMO Capital, Scotiabank and TD Securities, as analysts reassess their expectations while keeping key model assumptions such as discount rate, revenue growth, profit margin and future P/E essentially unchanged.Narrative Update • Feb 12
MRU: Buybacks And Dividend Policy Will Support Steady Future Returns
The updated analyst price target for Metro edges slightly lower to about CA$102.45 from CA$103, as analysts factor in modestly higher discount rates and refreshed assumptions following recent target revisions across major firms. Analyst Commentary Recent research shows a mix of optimism and caution around Metro, with several firms adjusting their price targets in both directions over time.Analysis Article • Jan 30
Earnings Miss: Metro Inc. Missed EPS By 5.4% And Analysts Are Revising Their Forecasts
Last week, you might have seen that Metro Inc. ( TSE:MRU ) released its first-quarter result to the market. The early...Narrative Update • Jan 29
MRU: Share Repurchases And Dividend Increases Will Support Future Upside Potential
Metro's analyst price target has been trimmed by about C$3 to C$103.00 as analysts factor in slightly lower fair value, a higher discount rate and more conservative assumptions for revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research on Metro shows a mix of optimism and caution, with several firms adjusting their price targets in both directions over time.Analysis Article • Jan 21
Return Trends At Metro (TSE:MRU) Aren't Appealing
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Jan 04
Some Confidence Is Lacking In Metro Inc.'s (TSE:MRU) P/E
Metro Inc.'s ( TSE:MRU ) price-to-earnings (or "P/E") ratio of 20.8x might make it look like a sell right now compared...Analysis Article • Dec 22
These 4 Measures Indicate That Metro (TSE:MRU) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 15
If EPS Growth Is Important To You, Metro (TSE:MRU) Presents An Opportunity
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Oct 03
Calculating The Fair Value Of Metro Inc. (TSE:MRU)
Key Insights Metro's estimated fair value is CA$108 based on 2 Stage Free Cash Flow to Equity Metro's CA$93.52 share...Analysis Article • Sep 02
Is Metro (TSE:MRU) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Aug 08
Returns At Metro (TSE:MRU) Appear To Be Weighed Down
TSX:MRU 1 Year Share Price vs Fair Value Explore Metro's Fair Values from the Community and select yours Did you know...Analysis Article • Jul 21
Some Confidence Is Lacking In Metro Inc.'s (TSE:MRU) P/E
When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 16x, you may consider Metro...
New Narrative • Nov 24
Supply Chain Transformation And E-commerce Expansion Set To Boost Retail Growth
Metro's supply chain modernization and expansion in loyalty programs are anticipated to enhance efficiencies, customer engagement, and drive revenue growth.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 20 2025 | n/a | n/a | CA$984m |
| Sep 27 2025 | CA$7m | CA$1m | CA$1b |
| Jul 05 2025 | n/a | n/a | CA$1b |
| Mar 15 2025 | n/a | n/a | CA$993m |
| Dec 21 2024 | n/a | n/a | CA$961m |
| Sep 28 2024 | CA$6m | CA$1m | CA$929m |
| Jul 06 2024 | n/a | n/a | CA$931m |
| Mar 16 2024 | n/a | n/a | CA$981m |
| Dec 23 2023 | n/a | n/a | CA$1b |
| Sep 30 2023 | CA$6m | CA$1m | CA$1b |
| Jul 01 2023 | n/a | n/a | CA$961m |
| Mar 11 2023 | n/a | n/a | CA$890m |
| Dec 17 2022 | n/a | n/a | CA$869m |
| Sep 24 2022 | CA$5m | CA$1m | CA$846m |
| Jul 02 2022 | n/a | n/a | CA$872m |
| Mar 12 2022 | n/a | n/a | CA$849m |
| Dec 18 2021 | n/a | n/a | CA$839m |
| Sep 25 2021 | CA$5m | CA$1m | CA$823m |
| Jul 03 2021 | n/a | n/a | CA$816m |
| Mar 13 2021 | n/a | n/a | CA$828m |
| Dec 19 2020 | n/a | n/a | CA$816m |
| Sep 26 2020 | CA$5m | CA$1m | CA$795m |
| Jul 04 2020 | n/a | n/a | CA$776m |
| Mar 14 2020 | n/a | n/a | CA$734m |
| Dec 21 2019 | n/a | n/a | CA$679m |
| Sep 28 2019 | CA$5m | CA$1m | CA$712m |
Compensation vs Market: Eric's total compensation ($USD4.78M) is below average for companies of similar size in the Canadian market ($USD7.43M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
CEO
Eric La Fleche (64 yo)
18.3yrs
Tenure
CA$6,790,367
Compensation
Mr. Eric Richer La Fleche has been an Independent Director of Bank of Montreal since March 20, 2012. He has been the Chief Executive Officer and President of Metro Inc. since April 1, 2008. Mr. La Fleche s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 18.3yrs | CA$6.79m | 0.13% CA$ 25.3m | |
| Executive VP | 1.3yrs | CA$1.55m | no data | |
| Chief Operating Officer | 1.7yrs | CA$3.03m | 0.015% CA$ 2.9m | |
| Executive Vice President of National Supply Chain & Procurement | 11.8yrs | CA$2.03m | 0% CA$ 0 | |
| President of The Pharmacy Division | no data | CA$2.02m | no data | |
| VP & Chief Information Officer | 4.5yrs | no data | 0.0071% CA$ 1.3m | |
| VP, General Counsel & Corporate Secretary | no data | no data | 0.0096% CA$ 1.8m | |
| Vice President of Public Affairs & Communications | 8.5yrs | no data | no data | |
| VP, Chief Marketing & Digital Strategy Officer | no data | no data | 0.0028% CA$ 535.5k | |
| Vice President of Human Resources | no data | no data | 0.018% CA$ 3.3m | |
| Senior Vice President of Store Operations - Ontario Division | no data | no data | no data | |
| Senior Vice-President of Merchandising - Ontario Division | no data | no data | no data |
6.5yrs
Average Tenure
64yo
Average Age
Experienced Management: MRU's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 18.3yrs | CA$6.79m | 0.13% CA$ 25.3m | |
| Independent Chairman | 6.8yrs | CA$348.57k | 0.0026% CA$ 497.6k | |
| Independent Director | 11.5yrs | CA$193.57k | 0.0041% CA$ 781.4k | |
| Independent Director | 5.3yrs | CA$193.57k | 0.0076% CA$ 1.4m | |
| Independent Director | 2.5yrs | CA$170.90k | no data | |
| Independent Director | 3.3yrs | CA$170.92k | no data | |
| Independent Director | 10.5yrs | CA$193.57k | 0.0020% CA$ 380.3k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 11.5yrs | CA$174.21k | 0.0015% CA$ 287.6k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4.5yrs | CA$174.21k | no data |
5.3yrs
Average Tenure
63yo
Average Age
Experienced Board: MRU's board of directors are considered experienced (5.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 04:07 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2025/12/20 |
| Annual Earnings | 2025/09/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Metro Inc. is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Marrone | Accountability Research Corporation |
| James Durran | Barclays |
| Etienne Ricard | BMO Capital Markets Equity Research |