Metro Inc
MRU: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| c? | LOCK|RP | LOCK|rl&rrW |
Metro Earnings: Resilience Amid Challenging Consumer Backdrop; Shares Remain Overvalued
Metro's first-quarter sales grew 3.3%, driven by same-store sales growth of 1.6% in food and 5.1% in pharmacy. The operating margin decreased 20 basis points from last year to 6.4% due to a 30-basis-point headwind from the temporary shutdown of a frozen distribution center.
