Metro reports $296.2M Q3 profit, sales up 3.5% from year ago
A customer holds their shopping basket at a Metro grocery store In Toronto on Friday, Feb. 2, 2024. (Cole Burston/The Canadian Press)
Metro Inc. says it earned a third-quarter profit of $296.2 million, down from $346.7 million in the same quarter last year, as its sales rose 3.5 per cent.
The grocery and drugstore retailer says the profit amounted to $1.31 per diluted share for the quarter ended July 6, down from $1.49 per diluted share a year earlier.
Sales in the quarter amounted to $6.65 billion, up from $6.43 billion in the same quarter last year.
The increase in sales came as food same-store sales rose 2.4 per cent.
Pharmacy same-store sales gained 5.2 per cent, with a 6.3 per cent increase in prescription drugs and a 3.0 per cent increase in front-store sales.
On an adjusted basis, Metro says it earned $1.35 per diluted share in its latest quarter, unchanged from its adjusted result a year earlier.
- This report by The Canadian Press was first published on Aug. 14, 2024.
CTVNews.ca Top Stories
'Say it to my face': Singh confronts heckling protester on Parliament Hill
NDP Leader Jagmeet Singh confronted a protester for calling him a 'corrupted bastard' on Parliament Hill on Tuesday.
Bride's family speaks as West Vancouver woman sentenced for driving SUV into wedding party
Sixty-five-year-old Hong Xu, who drove her SUV into a crowd of people celebrating a wedding at her next-door neighbour's house in West Vancouver on Aug. 20, 2022, has been sentenced under the Motor Vehicle Act for driving without due care and attention.
Why it's 'very hard' to find work in Canada
Vacancies have steadily fallen since the glut of nearly one million open posts in 2022. At the time, one in three businesses had trouble hiring staff due to a labour shortage. Since then, vacancies have dropped.
Hezbollah hit by a wave of exploding pagers and blames Israel. At least 9 dead, thousands injured
Pagers used by hundreds of members of the militant group Hezbollah exploded near simultaneously in Lebanon and Syria on Tuesday, killing at least nine people.
Sean 'Diddy' Combs jailed by judge after sex trafficking indictment
Sean 'Diddy' Combs headed to jail Tuesday to await trial in a federal sex trafficking case that accuses him of presiding over a sordid empire of sexual crimes protected by blackmail and shocking acts of violence.
Canucks' Dakota Joshua reveals he is recovering from cancer
Vancouver Canucks forward Dakota Joshua revealed Tuesday he underwent cancer treatment over the summer, and will not be ready to play when the team's training camp begins later this week.
Two people charged in murder of Halifax teen; police believe remains have been found
Halifax Regional Police believe Devon Sinclair Marsman, who disappeared in 2022, was the victim of a homicide and two people have now been charged in his death.
What is racketeering? The crime, explained
Sex trafficking, cheating scandals and mob activity may appear very different. But all fall under the broad umbrella of racketeering.
Man from Phoenix, Ariz., missing after truck plunges off Yukon bridge
Whitehorse RCMP say a man from Phoenix, Ariz., is missing after the truck he was travelling in went off a bridge and plunged into the Yukon River.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Toronto
-
'Gunshots broke out': Two people dead after shooting in North York
Two men in their 20s are dead after a shooting in North York Tuesday afternoon.
-
One person dead after highrise fire in Scarborough
One person is dead after a fire broke out at a highrise in Scarborough Tuesday evening.
-
Faith leaders urge province to reverse 'deadly decision' to close 10 supervised drug consumption sites
Close to 250 faith leaders from across Ontario are pleading with the provincial government to reconsider its 'deadly decision' to shutter 10 of its 17 supervised drug consumption sites (SCS) by March 2025 and create legislation that would prevent any new locations from opening.
Ottawa
-
NEW THIS MORNINGNEW THIS MORNING Ottawa City Council to debate restoring off-peak LRT service
Ottawa City Council meets Wednesday and a proposed motion to restore off-peak LRT service is on the agenda.
-
Trial underway for Ottawa man accused of murdering wife, injuring daughter
The trial of a man accused of stabbing his wife to death in an attack that also injured his daughter in Ottawa's west end in June 2021 is underway.
-
Baby Tkachuk: Sens captain Brady Tkachuk and wife Emma welcome newborn
Ottawa Senators captain Brady Tkachuk and his wife Emma have announced the birth of their child Ryder Keith Tkachuk.
Atlantic
-
Two people charged in murder of Halifax teen; police believe remains have been found
Halifax Regional Police believe Devon Sinclair Marsman, who disappeared in 2022, was the victim of a homicide and two people have now been charged in his death.
-
Feds tell N.S. and N.B. to pay half of Chignecto Isthmus mitigation costs 'before it is too late'
The federal government says it will move on to fund other projects if the New Brunswick and Nova Scotia provincial governments don’t accept a 50/50 split in mitigation costs at the Chignecto Isthmus.
-
Why it's 'very hard' to find work in Canada
Vacancies have steadily fallen since the glut of nearly one million open posts in 2022. At the time, one in three businesses had trouble hiring staff due to a labour shortage. Since then, vacancies have dropped.
N.L.
-
Newfoundland and Labrador monitoring rise in whooping cough cases: medical officer
Newfoundland and Labrador's chief medical officer is monitoring the rise of whooping cough infections across the province as cases of the highly contagious disease continue to grow across Canada.
-
Dispute over unrecognized Inuit group halts major conference for Canadian North
A 16-year-old biennial event aimed at fostering business in the country's eastern Arctic and northern regions has been cancelled indefinitely as a dispute unfolds between Inuit in Canada and a Labrador group claiming to share their heritage.
-
Cow cuddling: Why a Newfoundland farm is offering quality time with these 'gentle creatures'
Jim Lester’s farm hopped on the cow-cuddling trend in early August, and his time slots have been pretty well sold out ever since.
Northern Ontario
-
One person dead following North Bay industrial incident
North Bay Police say one person has died following an industrial accident at the Ontario Northland Transportation Commission Rail Yard on Tuesday.
-
GoFundMe cancels fundraiser for Ontario woman charged with spraying neighbour with a water gun
A Simcoe, Ont., woman charged with assault with a weapon after accidentally spraying her neighbour with a water gun says GoFundMe has now pulled the plug on her online fundraiser.
-
'Say it to my face': Singh confronts heckling protester on Parliament Hill
NDP Leader Jagmeet Singh confronted a protester for calling him a 'corrupted bastard' on Parliament Hill on Tuesday.
London
-
London poised to increase hotel tax to fund more tourism initiatives
London might soon increase the municipal tax charged on each night spent in a hotel room or short-term accommodation (Airbnb, Bed & Breakfasts, etc.).
-
Safety concerns raised after collision at Lambton County intersection claimed two lives
A Lambton County mayor is calling for action after two people were killed at an intersection in his community on Sept. 11.
-
Two injured in Huron County crash
Huron County OPP attended the scene of a serious two-vehicle collision at the intersection of Babylon Line and Crediton Road in South Huron.
Kitchener
-
The Elvis of Kitchener-Waterloo has passed away
The man, who walked Kitchener, Ont. streets for more than three decades dressed up as the King of Rock and Roll, has died.
-
Shots fired at a home in Woodstock, multiple bullet holes found
Police are looking for the person who fired multiple gunshots into a Woodstock home on Monday afternoon.
-
Effort to get new mobility scooter for Elora, Ont. veteran struck by pickup truck
The community is trying to get a new set of 'wheels' for a Canadian Armed Forces veteran who was recently involved in a collision.
Windsor
-
'Absolutely unacceptable': Dilkens on projected 12.9% tax increase
Windsor’s projected tax increase for 2025 is estimated at 12.9 per cent, a number Windsor Mayor Drew Dilkens says must come down.
-
Dodge Durango debate: Will it be cancelled and could its replacement vehicle be built in Windsor?
Auto analysts believe the vehicle will be phased out in favour of a smaller crossover vehicle that could be built in Windsor, much to the ire of the United Autoworkers Union (UAW).
-
With a strong telescope, people can witness a lot of activity in the sky this month
Nasa is warning a "Stadium sized asteroid" will make a close pass Tuesday night.
Barrie
-
New clinic for kids providing hospital alternative
As hospital emergency departments continue to be overwhelmed amidst an ongoing shortage of physicians in Ontario, there's a new Orillia operation hoping to ease the pressure.
-
Animal set on fire in Orillia parking lot, spurring OPP investigation
Provincial police are investigating arson after they say an animal was killed in Orillia.
-
OPP issues warning after motorist escapes suspicious encounter
Police are warning the public after an incident in Minden Hills on Monday morning.
Vancouver
-
Bride's family speaks as West Vancouver woman sentenced for driving SUV into wedding party
Sixty-five-year-old Hong Xu, who drove her SUV into a crowd of people celebrating a wedding at her next-door neighbour's house in West Vancouver on Aug. 20, 2022, has been sentenced under the Motor Vehicle Act for driving without due care and attention.
-
NDP defends Surrey Memorial Hospital efforts after damning letter from doctors
The BC NDP government is on the defensive Tuesday after emergency room doctors at Surrey Memorial Hospital penned a damning call for a leadership change at Fraser Health.
-
Downtown Vancouver BIA launches public safety campaign ahead of B.C. election
The business association for the downtown core is calling on parties running candidates in the upcoming provincial election to lay out their visions for improving public safety in Vancouver.
Vancouver Island
-
'Certainly a wake-up call': B.C. police remind residents to lock their doors after family robbed
Mounties on Vancouver Island are warning people to lock their doors after a Nanaimo-area family was robbed of a high-end vehicle, cash, a computer and other merchandise while they slept.
-
Canucks' Dakota Joshua reveals he is recovering from cancer
Vancouver Canucks forward Dakota Joshua revealed Tuesday he underwent cancer treatment over the summer, and will not be ready to play when the team's training camp begins later this week.
-
B.C. forest watchdog says province should improve watershed management
British Columbia's forests watchdog says a complaint about "excessive" logging has led to a call for the province to improve how it manages watersheds.
Winnipeg
-
'Looks like a beach here': Manitoba communities soaked by heavy rain
Significant rain Tuesday morning has resulted in road closures and overland flooding in multiple Manitoba communities.
-
'It's disappointing': Kinew responds to ousted MLA's claims of toxic, dysfunctional government
Manitoba Premier Wab Kinew said an MLA ousted from his caucus this week was given a choice before he was shown the door.
-
Prosthetic leg, live goldfish among items left on Winnipeg buses
There's nothing average about some of the stuff that gets lost on the bus
Calgary
-
Calgary city council votes to wind down long-sought, long-troubled Green Line LRT project
Calgary city council has voted to end work on the first phase of its long-sought $6.2-billion Green Line light rail transit project at a cost of at least $2.1 billion.
-
Alberta to boost spending on new K-12 school construction over next three years by $6.5B to $8.6B
Alberta's premier announced a plan Tuesday evening during a televised address her government will boost the amount of money being spent on new school construction over the next three years to $8.6 billion, an increase of $6.5 billion from what was originally promised in the 2024 budget.
-
Rent, mortgage costs still concerning for Albertans despite cooling inflation
Canada’s annual inflation rate has reached the central bank’s two per cent target for August, but many consumers in Alberta are still feeling the pinch of high costs for shelter, rents and mortgages.
Edmonton
-
'A matter of luck whether or not you make it out alive': Excessive speeders taunt police by posting crimes online
Whether you've been shaken awake by revving engines in the dead of night, or passed on the Anthony Henday like you're standing still, most Edmontonians have some experience with sports cars or motorcycles driving dangerously on city streets.
-
Alberta to boost spending on new K-12 school construction over next three years by $6.5B to $8.6B
Alberta's premier announced a plan Tuesday evening during a televised address her government will boost the amount of money being spent on new school construction over the next three years to $8.6 billion, an increase of $6.5 billion from what was originally promised in the 2024 budget.
-
Man in stolen truck charged in death of partner west of Edmonton: police
Edmonton Police Service found human remains after investigating a case regarding a missing woman.
Regina
-
Suspect still at large following assault investigation in Yorkton: RCMP
Three suspects have been arrested, while one remains at large, following an assault in the city of Yorkton.
-
Tornado warning for parts of southwestern Sask. lifted
A tornado warning, which was issued for parts of southwestern Saskatchewan on Tuesday evening, has been lifted.
-
'Didn't meet our expectations': Tempers flare at Riders practice with team winless in 7
It was a heated day at practice for the Saskatchewan Roughriders on Tuesday as head coach Corey Mace had to address the team in a stern matter not once but twice resulting in him telling the group to, “Get off the f***ing field.”
Saskatoon
-
Emily Sanche tried to seek medical help for boyfriend before he fatally stabbed her, court hears
Catherine Sanche says her cousin and best friend Emily Sanche never feared her boyfriend Thomas Hamp would hurt her in the weeks leading up to her death in February 2022.
-
Support staff at Saskatoon public schools call for more safety supports after teen set on fire
Support staff at Saskatoon Public Schools are calling for urgent action and more funding to keep members safe in the wake of a brutal attack at Evan Hardy Collegiate earlier this month.
-
Another person charged at Sask. private school at the centre of multiple abuse allegations
Another person affiliated with a Saskatoon Christian school embroiled in legal trouble over multiple allegations of abuse has been charged with assault.
