Declared Dividend • Aug 16
Third quarter dividend of CA$0.41 announced Shareholders will receive a dividend of CA$0.41. Ex-date: 4th September 2026 Payment date: 23rd September 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 14
Metro Inc. Reports Impairment Charge for the Third Quarter Ended July 4, 2026 Metro Inc. reported impairment charge for the third quarter ended July 4, 2026. The company recognized impairment of assets of $32.1 million during the quarter. The impairment of assets related primarily to property and equipment, right-of-use assets, and leasehold improvements affected by the decision. Reported Earnings • Aug 13
Third quarter 2026 earnings released: EPS: CA$1.00 (vs CA$1.48 in 3Q 2025) Third quarter 2026 results: EPS: CA$1.00 (down from CA$1.48 in 3Q 2025). Revenue: CA$6.97b (up 1.4% from 3Q 2025). Net income: CA$211.1m (down 35% from 3Q 2025). Profit margin: 3.0% (down from 4.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Tillkännagivande • Aug 13
Metro Inc. Declares Quarterly Dividend On August 11, 2026, the Board of Directors of Metro Inc. declared a quarterly dividend of $0.4075 per share, the same amount declared last quarter. Tillkännagivande • Jun 26
Metro Inc. to Report Q3, 2026 Results on Aug 12, 2026 Metro Inc. announced that they will report Q3, 2026 results on Aug 12, 2026 Tillkännagivande • Apr 24
Metro Inc. announces Quarterly dividend, payable on June 02, 2026 Metro Inc. announced Quarterly dividend of CAD 0.4075 per share payable on June 02, 2026, ex-date on May 13, 2026 and record date on May 13, 2026. Tillkännagivande • Mar 23
Metro Inc. to Report Q2, 2026 Results on Apr 22, 2026 Metro Inc. announced that they will report Q2, 2026 results Pre-Market on Apr 22, 2026 Tillkännagivande • Feb 24
Metro Inc. announced that it expects to receive CAD 350 million in funding Metro Inc announced a private placement of 3.469% Series M Senior Unsecured Notes for gross proceeds of CAD 350,000,000 on February 23, 2026. The notes carry a coupon of 3.469% per annum for an effective yield of 3.469% per annum if held to maturity. The notes will mature on February 25, 2031, subject to customary closing conditions. The Series M Notes will be direct unsecured obligations of the company and will rank pari passu with all other unsecured and unsubordinated indebtedness of the company. The closing of the offering is expected to take place on February 25, 2026. The Series M Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. Tillkännagivande • Jan 29
Metro Inc. Announces Board Appointments, Effective January 27, 2026 Metro Inc. at its Annual General Meeting of shareholders held on January 27, 2026, approved election of Geneviève Brouillette and Michael Motz as directors. Tillkännagivande • Jan 27
Metro Inc. Declares Quarterly Dividend Payment Metro Inc. declared a quarterly dividend of $0.4075 per share, an increase of 10.1% versus last year's quarterly dividend. Tillkännagivande • Jan 05
Metro Inc. to Report Q1, 2026 Results on Jan 27, 2026 Metro Inc. announced that they will report Q1, 2026 results on Jan 27, 2026 Tillkännagivande • Nov 11
Metro Inc., Annual General Meeting, Jan 27, 2026 Metro Inc., Annual General Meeting, Jan 27, 2026. Tillkännagivande • Oct 10
Metro Inc. to Report Q4, 2025 Results on Nov 19, 2025 Metro Inc. announced that they will report Q4, 2025 results on Nov 19, 2025 Tillkännagivande • Sep 30
METRO Inc. Declares Quarterly Dividend, Payable on November 11, 2025 METRO Inc. declares a quarterly dividend of $0.37 per common share, which is the same amount as the quarterly dividend declared for the previous quarter. This dividend is payable on November 11, 2025, to shareholders of record as of October 23, 2025. Tillkännagivande • Aug 15
Metro Inc. announces Quarterly dividend, payable on September 23, 2025 Metro Inc. announced Quarterly dividend of CAD 0.3700 per share payable on September 23, 2025, ex-date on September 04, 2025 and record date on September 04, 2025. Tillkännagivande • Jul 15
Metro Inc. to Report Q3, 2025 Results on Aug 13, 2025 Metro Inc. announced that they will report Q3, 2025 results on Aug 13, 2025 Tillkännagivande • Mar 25
Metro Inc. to Report Q2, 2025 Results on Apr 16, 2025 Metro Inc. announced that they will report Q2, 2025 results on Apr 16, 2025 Tillkännagivande • Jan 28
Metro Inc. Declares Quarterly Dividend On January 27, 2025, the Board of Directors of Metro Inc. declared a quarterly dividend of $0.37 per share, an increase of 10.4% versus last year's quarterly dividend. Tillkännagivande • Jan 06
Metro Inc. to Report Q1, 2025 Results on Jan 28, 2025 Metro Inc. announced that they will report Q1, 2025 results on Jan 28, 2025 Tillkännagivande • Nov 26
Metro Inc. announced that it expects to receive CAD 500 million in funding Metro Inc. announced a private placement of 500,000 3.998% Series L Senior Unsecured Notes at an issue price of CAD 1,000 per note for the gross proceeds of CAD 500,000,000 on November 25, 2024. The notes will carry a coupon rate of 3.998% per annum for an effective yield of 3.998% per annum if held to maturity. The maturity date of the notes is November 27, 2029. The transaction is expected to close on November 27, 2024, subject to customary closing conditions. Tillkännagivande • Nov 21
Metro Inc. Provides Earnings Guidance for the Fiscal 2025 Metro Inc. provided earnings guidance for the fiscal 2025. As the begins 2025 fiscal year, the significant investments in the modernization of supply chain are largely behind us, and the company is now focused on realizing efficiency gains and improving the service to store network. These investments have also positioned the company well for growth through the expansion of retail network in the years ahead. The company expects to gradually resume profit growth in Fiscal 2025. Tillkännagivande • Nov 12
Metro Inc., Annual General Meeting, Jan 28, 2025 Metro Inc., Annual General Meeting, Jan 28, 2025. Tillkännagivande • Oct 16
Metro Inc. to Report Q4, 2024 Results on Nov 20, 2024 Metro Inc. announced that they will report Q4, 2024 results on Nov 20, 2024 Declared Dividend • Oct 07
Third quarter dividend of CA$0.34 announced Shareholders will receive a dividend of CA$0.34. Ex-date: 24th October 2024 Payment date: 12th November 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Oct 01
Metro Inc. Declares Quarterly Dividend, Payable on November 12, 2024 METRO INC. declares a quarterly dividend of $0.3350 per common share, which is the same amount as the quarterly dividend declared for the previous quarter. This dividend is payable on November 12, 2024, to shareholders of record as of October 24, 2024. Upcoming Dividend • Sep 01
Upcoming dividend of CA$0.34 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 24 September 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%). Declared Dividend • Aug 18
Third quarter dividend of CA$0.34 announced Shareholders will receive a dividend of CA$0.34. Ex-date: 5th September 2024 Payment date: 24th September 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
Third quarter 2024 earnings released: EPS: CA$1.32 (vs CA$1.49 in 3Q 2023) Third quarter 2024 results: EPS: CA$1.32 (down from CA$1.49 in 3Q 2023). Revenue: CA$6.65b (up 3.5% from 3Q 2023). Net income: CA$295.4m (down 14% from 3Q 2023). Profit margin: 4.4% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Tillkännagivande • Aug 15
Metro Inc. Declares Quarterly Dividend On August 13, 2024, the Board of Directors of Metro Inc. declared a quarterly dividend of $0.3350 per share, the same amount declared last quarter. Tillkännagivande • Jul 17
Metro Inc. to Report Q3, 2024 Results on Aug 14, 2024 Metro Inc. announced that they will report Q3, 2024 results on Aug 14, 2024 Buy Or Sell Opportunity • May 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to €49.16. The fair value is estimated to be €61.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period. Buy Or Sell Opportunity • May 09
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to €48.95. The fair value is estimated to be €61.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period. Declared Dividend • Apr 28
Second quarter dividend of CA$0.34 announced Shareholders will receive a dividend of CA$0.34. Ex-date: 14th May 2024 Payment date: 4th June 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Second quarter 2024 earnings released: EPS: CA$0.83 (vs CA$0.94 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.83 (down from CA$0.94 in 2Q 2023). Revenue: CA$4.66b (up 2.2% from 2Q 2023). Net income: CA$187.0m (down 14% from 2Q 2023). Profit margin: 4.0% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Tillkännagivande • Apr 24
Metro Inc. Declares Quarterly Dividend Metro Inc. announced on April 23, 2024, the Board of Directors declared a quarterly dividend of $0.3350 per share, the same amount declared last quarter. Tillkännagivande • Mar 29
Metro Inc. to Report Q2, 2024 Results on Apr 24, 2024 Metro Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 24, 2024 New Risk • Feb 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €4.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Significant insider selling over the past 3 months (€4.9m sold). Recent Insider Transactions • Feb 09
President recently sold €4.9m worth of stock On the 6th of February, Eric La Fleche sold around 100k shares on-market at roughly €48.52 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months. Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.34 per share at 1.9% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 12 March 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.8%). Declared Dividend • Feb 02
First quarter dividend of CA$0.34 announced Shareholders will receive a dividend of CA$0.34. Ex-date: 14th February 2024 Payment date: 12th March 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Feb 02
First quarter dividend of CA$0.34 announced Shareholders will receive a dividend of CA$0.34. Ex-date: 14th February 2024 Payment date: 12th March 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 01
First quarter 2024 earnings released: EPS: CA$0.99 (vs CA$0.98 in 1Q 2023) First quarter 2024 results: EPS: CA$0.99. Revenue: CA$4.97b (up 6.5% from 1Q 2023). Net income: CA$227.0m (down 1.2% from 1Q 2023). Profit margin: 4.6% (down from 4.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Tillkännagivande • Feb 01
Metro Inc. Approves the Election of Geneviève Fortier as Director Metro Inc. at its Annual General Meeting of shareholders held on January 30, 2024 approved the election of Geneviève Fortier as Director. Tillkännagivande • Jan 31
Metro Inc. Declares Quarterly Dividend On January 29, 2024, the Board of Directors of Metro Inc. declared a quarterly dividend of $0.3350 per share, an increase of 10.7% versus last year's quarterly dividend. Tillkännagivande • Jan 10
Metro Inc. to Report Q1, 2024 Results on Jan 30, 2024 Metro Inc. announced that they will report Q1, 2024 results on Jan 30, 2024 Tillkännagivande • Nov 17
Metro Inc. Declares Quarterly Dividend Metro Inc. On October 6, 2023, the Board of Directors declared a quarterly dividend of $0.3025 per share, the same amount declared last quarter. Reported Earnings • Nov 17
Full year 2023 earnings released: EPS: CA$4.36 (vs CA$3.53 in FY 2022) Full year 2023 results: EPS: CA$4.36 (up from CA$3.53 in FY 2022). Revenue: CA$20.7b (up 9.7% from FY 2022). Net income: CA$1.01b (up 20% from FY 2022). Profit margin: 4.9% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Tillkännagivande • Nov 07
Metro Inc., Annual General Meeting, Jan 30, 2024 Metro Inc., Annual General Meeting, Jan 30, 2024. Tillkännagivande • Oct 19
Metro Inc. to Report Q4, 2023 Results on Nov 15, 2023 Metro Inc. announced that they will report Q4, 2023 results on Nov 15, 2023 Tillkännagivande • Oct 07
METRO INC. Declares a Quarterly Dividend, Payable on November 14, 2023 METRO INC. declares a quarterly dividend of $0.3025 per common share, which is the same amount as the quarterly dividend declared for the previous quarter. This dividend is payable on November 14, 2023 to shareholders of record as at October 27, 2023. Upcoming Dividend • Aug 22
Upcoming dividend of CA$0.30 per share at 1.7% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.2%). Tillkännagivande • Aug 10
Metro Inc. Declares A Quarterly Dividend Metro Inc. announced that on August 8, 2023 the Board of Directors declared a quarterly dividend of $0.3025 per share, the same amount declared last quarter. Reported Earnings • Aug 10
Third quarter 2023 earnings released: EPS: CA$1.49 (vs CA$1.15 in 3Q 2022) Third quarter 2023 results: EPS: CA$1.49 (up from CA$1.15 in 3Q 2022). Revenue: CA$6.43b (up 9.6% from 3Q 2022). Net income: CA$345.0m (up 26% from 3Q 2022). Profit margin: 5.4% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Tillkännagivande • Jul 12
Metro Inc. to Report Q3, 2023 Results on Aug 09, 2023 Metro Inc. announced that they will report Q3, 2023 results on Aug 09, 2023 Recent Insider Transactions • May 14
Insider recently sold €268k worth of stock On the 10th of May, Yves Vezina sold around 5k shares on-market at roughly €52.79 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €236k more than they bought in the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of CA$0.30 per share at 1.5% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.3%). Reported Earnings • Apr 21
Second quarter 2023 earnings released: EPS: CA$0.93 (vs CA$0.82 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.93 (up from CA$0.82 in 2Q 2022). Revenue: CA$4.55b (up 6.6% from 2Q 2022). Net income: CA$218.4m (up 11% from 2Q 2022). Profit margin: 4.8% (up from 4.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Tillkännagivande • Feb 07
Metro Inc. announced that it has received CAD 300 million in funding On February 6, 2023, Metro Inc. closed the transaction. Tillkännagivande • Feb 01
Metro Inc. announced that it expects to receive CAD 300 million in funding Metro Inc. announced a private placement of 300,000 4.657% Series K Senior Unsecured Notes at an issue price of CAD 1,000 per note for the gross proceeds of CAD 300,000,000 on January 30, 2023. The notes will carry a coupon rate of 4.657% per annum for an effective yield of 4.657% per annum if held to maturity. The maturity date of the notes is February 7, 2033. The transaction is expected to close on February 6, 2023. Upcoming Dividend • Feb 01
Upcoming dividend of CA$0.30 per share at 1.7% yield Eligible shareholders must have bought the stock before 08 February 2023. Payment date: 06 March 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.8%). Tillkännagivande • Jan 25
Metro Inc. Declares Quarterly Dividend On January 23, 2023, the Board of Directors of Metro Inc. declared a quarterly dividend of $0.3025 per share, an increase of 10.0% versus last year quarterly dividend. Reported Earnings • Jan 25
First quarter 2023 earnings released: EPS: CA$0.97 (vs CA$0.85 in 1Q 2022) First quarter 2023 results: EPS: CA$0.97 (up from CA$0.85 in 1Q 2022). Revenue: CA$4.67b (up 8.2% from 1Q 2022). Net income: CA$229.8m (up 11% from 1Q 2022). Profit margin: 4.9% (up from 4.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Tillkännagivande • Dec 23
Metro Inc. to Report Q1, 2023 Results on Jan 24, 2023 Metro Inc. announced that they will report Q1, 2023 results on Jan 24, 2023 Reported Earnings • Dec 22
Full year 2022 earnings released Full year 2022 results: EPS: CA$3.53. Revenue: CA$18.9b (up 3.3% from FY 2021). Net income: CA$846.1m (up 2.8% from FY 2021). Profit margin: 4.5% (in line with FY 2021). Like-for-like sales growth: 2.0% vs FY 2021 Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Nov 18
Full year 2022 earnings released Full year 2022 results: EPS: CA$3.53. Revenue: CA$18.9b (up 3.3% from FY 2021). Net income: CA$846.1m (up 2.8% from FY 2021). Profit margin: 4.5% (in line with FY 2021). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Tillkännagivande • Nov 05
Metro Inc., Annual General Meeting, Jan 24, 2023 Metro Inc., Annual General Meeting, Jan 24, 2023. Upcoming Dividend • Oct 13
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 20 October 2022. Payment date: 08 November 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (5.4%). Lower than average of industry peers (5.3%). Upcoming Dividend • Aug 23
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.4%). Reported Earnings • Aug 11
Third quarter 2022 earnings released: EPS: CA$1.14 (vs CA$1.03 in 3Q 2021) Third quarter 2022 results: EPS: CA$1.14 (up from CA$1.03 in 3Q 2021). Revenue: CA$5.87b (up 2.5% from 3Q 2021). Net income: CA$274.0m (up 9.0% from 3Q 2021). Profit margin: 4.7% (up from 4.4% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.5%, compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Buying Opportunity • Jun 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.3%. The fair value is estimated to be €61.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 4.2% per annum over the same time period. Upcoming Dividend • May 04
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (4.1%). Recent Insider Transactions • Apr 30
Vice President of Human Resources recently sold €295k worth of stock On the 27th of April, Geneviève Bich sold around 6k shares on-market at roughly €51.83 per share. In the last 3 months, there was an even bigger sale from another insider worth €5.5m. Insiders have been net sellers, collectively disposing of €6.4m more than they bought in the last 12 months. Reported Earnings • Apr 27
Second quarter 2022 earnings released: EPS: CA$0.82 (vs CA$0.76 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.82 (up from CA$0.76 in 2Q 2021). Revenue: CA$4.27b (up 1.9% from 2Q 2021). Net income: CA$197.4m (up 5.4% from 2Q 2021). Profit margin: 4.6% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.1%, compared to a 7.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 23
Second quarter 2022 earnings released: EPS: CA$0.82 (vs CA$0.76 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.82 (up from CA$0.76 in 2Q 2021). Revenue: CA$4.27b (up 1.9% from 2Q 2021). Net income: CA$197.4m (up 5.4% from 2Q 2021). Profit margin: 4.6% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.1%, compared to a 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Feb 02
Upcoming dividend of CA$0.28 per share Eligible shareholders must have bought the stock before 09 February 2022. Payment date: 07 March 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.6%). Recent Insider Transactions • Feb 02
Insider recently sold €241k worth of stock On the 31st of January, Carmine Fortino sold around 5k shares on-market at roughly €47.75 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €879k more than they bought in the last 12 months. Reported Earnings • Jan 26
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CA$0.85 (up from CA$0.76 in 1Q 2021). Revenue: CA$4.32b (flat on 1Q 2021). Net income: CA$206.7m (up 8.5% from 1Q 2021). Profit margin: 4.8% (up from 4.5% in 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.6%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Dec 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$3.34 (up from CA$3.15 in FY 2020). Revenue: CA$18.3b (up 1.6% from FY 2020). Net income: CA$823.0m (up 3.5% from FY 2020). Profit margin: 4.5% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.2%, compared to a 7.9% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Tillkännagivande • Dec 01
Metro Inc. announced that it has received CAD 300 million in funding On November 30, 2021, Metro Inc. closed the transaction. Tillkännagivande • Nov 24
Metro Inc. announced that it expects to receive CAD 300 million in funding Metro Inc announced a private placement of 300,000 1.922% Series J Senior Unsecured Notes due December 2, 2024 at CAD 1,000 per note for gross proceeds of CAD 300,000,000 on November 22, 2021. The notes carry a coupon of 1.922% per annum for an effective yield of 1.922% per annum if held to maturity. The closing of the offering is expected to take place on November 30, 2021. The Series J Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. Reported Earnings • Nov 18
Full year 2021 earnings released: EPS CA$3.34 (vs CA$3.15 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: CA$18.3b (up 1.6% from FY 2020). Net income: CA$823.0m (up 3.5% from FY 2020). Profit margin: 4.5% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 14
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 21 October 2021. Payment date: 09 November 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.7%). Upcoming Dividend • Aug 24
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 22 September 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 12
Third quarter 2021 earnings released: EPS CA$1.03 (vs CA$1.05 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$5.72b (down 2.0% from 3Q 2020). Net income: CA$251.4m (down 4.6% from 3Q 2020). Profit margin: 4.4% (down from 4.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 11
Insider recently sold €395k worth of stock On the 8th of June, Marc Giroux sold around 10k shares on-market at roughly €39.91 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €261k more than they bought in the last 12 months. 
