Metro Inc.

Not to be confused with German multinational company Metro AG.

Metro Inc.
Company typePublic
TSX: MRU
IndustrySupermarket
Founded1947; 77 years ago (1947) in Verdun, Quebec, Canada
FounderRolland Jeanneau [fr]
Headquarters
Montreal, Quebec
,
Canada
Number of locations
953 Grocery Stores
648 Drugstores (2020)
Areas served
Ontario, Quebec
Key people
Eric R. La Flèche (President and CEO)[1]
François Thibault (Senior Vice President, CFO, Treasurer)[1]
BrandsPrivate labels:
Selection
Irresistibles
Super C
Revenue
  • Increase CA$16.77 billion (2019)
  • Increase CA$14.38 billion (2018)
  • Increase CA$1,683.6 million
(2020)[2]
  • Increase CA$796.4 million
(2020)[2]
Total assets
  • Increase CA$13,423.9 million
(2020)[2]
Total equity
  • Increase CA$6,155.4 million
(2020)[2]
Number of employees
90,000 (2020)[2]
DivisionsFood Basics
Super C
Marché Richelieu
Les 5 Saisons
Marché Ami
The Barn Markets (Operating as "Metro")
SubsidiariesBrunet
Jean Coutu Group
Marché Adonis
Websitemetro.ca
corpo.metro.ca
Metro in Bramalea City Centre, Brampton
A 24-hour Metro store in Toronto at Bloor and Robert Streets

Metro Inc. is a Canadian food retailer operating in the provinces of Quebec and Ontario. The company is based in Montreal, Quebec, with head office at 11011 Boulevard Maurice-Duplessis. Metro is the third largest grocer in Canada, after Loblaw Companies Limited and Sobeys.

Super C is the discount supermarket division operated in Quebec with 106 stores,[3] averaging 4,000 m2 (43,056 sq ft). In Ontario, Metro has 144 discount[4] supermarkets under the Food Basics banner, which are very similar to the Super C stores. Large Metro stores in Quebec operate under the Metro Plus name. Metro also operates 51 groceries stores[5] under the Marché Richelieu banner.

In November 2007, Metro reported a 9.3% increase in earnings for the fiscal year ending September 29, 2007, making $276.6 million in 2007 compared to $253 million in 2006.[6] In 2011 Metro acquired a majority stake (55.5%) (CAD$153.8 million) in Marché Adonis, one of Quebec's biggest ethnic food retailers specializing in Mediterranean food (Marché Adonis sales CAD$73 million 2011). In a March 2020 press release, Metro announced that it will invest about $420 million within next five years for the construction of a new automated distribution centre for fresh and frozen products, which they hope to open in 2023.[7]

  1. ^ a b "metro Management Team". Archived from the original on November 4, 2014. Retrieved November 3, 2014.
  2. ^ a b c d e "Metro 2020 Annual Report" (PDF).
  3. ^ "Food | Metro". corpo.metro.ca. Retrieved April 9, 2024.
  4. ^ "Food | Metro". corpo.metro.ca. Retrieved April 9, 2024.
  5. ^ "Food | Metro". corpo.metro.ca. Retrieved April 9, 2024.
  6. ^ Metro Inc. shares plummet
  7. ^ "METRO to invest $420 million to build new, automated distribution centre in Terrebonne, Quebec". Business Insider. Retrieved July 15, 2020.