METRO REPORTS 2026 FIRST QUARTER RESULTS

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2026 FIRST QUARTER HIGHLIGHTS

Sales of $5,285.8 million, up 3.3%
Food same-store sales ⁽¹⁾ up 1.6% and up 1.9% when adjusting for the Christmas shift ⁽³⁾
Pharmacy same-store sales ⁽¹⁾ up 3.9%
Net earnings of $226.3 million, down 12.8% and adjusted net earnings ⁽¹⁾ of $248.7 million, up 1.3%
Fully diluted net earnings per share of $1.05, down 9.5% and adjusted fully diluted net earnings per share ⁽¹⁾ of $1.16, up 5.5%
Earnings adjusted for the negative impact of $15.9 million ($21.6 million before taxes) for the direct costs related to the temporary shutdown of our frozen food distribution centre in Toronto
Declared dividend of $0.4075 per share, up 10.1% versus last year

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