Food Basics is joining communities across Ontario to ‘Celebrate! Share! Enjoy!’ this Ramadan In partnering with Muslim-based organizations across Ontario, Food Basics aims to support and uplift Ramadan celebrations through food and shared experiences Toronto, March 10, 2025 (GLOBE NEWSWIRE) -- More Ontarians are celebrating Ramadan now than ever, though it is not officially recognized as a public holiday in Canada. Food Basics understands the key role that sharing a meal can play in building community and making the holiday feel less isolating. That’s why this Ramadan, Food Basics is p...
Moi Rewards Recognizes Inspiring Community Heroes Committed to Giving Back Moi Rewards Announces Top Five ‘Celebrate Moi’ Winners Who Will Be Awarded 1 Million Moi Points for Unwavering Community Service. Toronto, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Today, METRO Inc. proudly honours five exceptional community members who consistently go above and beyond. These local heroes will each be awarded 1 million Moi points. “We are excited to have the opportunity to recognize and reward individuals who go above and beyond to give back to their communities,” said Alain Tadros, Vice President ...
Moi Rewards is Rewarding Five Ontarians for Making a Difference in Communities ‘Celebrate Moi!’ winners will receive 1 million Moi points and the opportunity to spotlight their favourite Ontario causes Toronto, Jan. 16, 2025 (GLOBE NEWSWIRE) -- METRO Inc.’s Moi Rewards is all about rewarding shoppers for what they are already doing. To celebrate the launch of Moi Rewards in Ontario, METRO Inc. is rewarding everyday Ontarians for the great things they already do to make a difference in their communities. Now accepting nominations, Ontarians can nominate community champions who go th...
Summary The Jean Coutu Group (PJC) Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights The Jean Coutu Group (PJC) Inc (Jean Group), a subsidiary of Metro Inc, provides pharmaceutical services and para pharmaceutical products, and consumer goods. The company along with pharm...
A director at Metro Inc sold 5,332 shares at 91.878CAD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...
Metro is helping Ontario’s “Merrymakers” spread Holiday Joy by extending their impact From hot holiday meal deliveries to dazzling local light shows, three “Metro Merrymakers” will make an even bigger impact in their communities this season Toronto, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Across Ontario, Metro sees everyday people doing extraordinary things to spread joy during the holidays to those who need it most. That’s why this season, Metro is recognizing three Metro Merrymakers, bolstering their admirable annual efforts through a total of $15,000 worth of community donations for even g...
Food Basics is celebrating Diwali by shining an even brighter light on the occasion With residential firework bans, Food Basics is bringing an innovative drone show to Ottawa’s Capital Diwali Mela Event Toronto, Oct. 16, 2024 (GLOBE NEWSWIRE) -- More Ontarians are celebrating Diwali now than ever, but regulations have not caught up with key cultural celebration elements like fireworks. Food Basics saw Ottawa’s regional fireworks ban during Diwali and knew that they could find a solution in celebrating light conquering darkness with an innovative twist. This year, at the Capital’s Diw...
Summary Marketline's The Jean Coutu Group (PJC) Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by The Jean Coutu Group (PJC) Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships...
METRO (CA), a company active in the Food Retailers & Wholesalers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date March 18, 2022, the closing price was CAD 69.42 and its potential was estimat...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Major Indexes Testing Resistance Positive news flow surrounding COVID-19 is encouraging on many fronts, notably from a human and economic perspective (e.g., peaking infections/deaths in Italy & Spain, certain European governments making plans to ease lockdowns, and that US death projections were likely overestimated). Still, despite encouraging news and the relief rally in global equities, history tells us that this is a fairly standard bear market rally in terms of its magnitude, making us bel...
Today Metro published a trading statement for the fiscal year 2018/19. Total sales increased 1.1% to €27.1bn and LfL sales increased 2.1%, which is neatly in line with the 1-3% guidance range. This number is already corrected for the disposal of Metro China, which will be reported as discontinued operations as of 30 September 2019. Metro confirms the €1,242m EBITDA guidance which reflects a mid-single digit reduction compared to FY17/18. Metro will publish its complete FY18/19 results on 12 ...
Today Metro (MEOGR) announced the divestment of Metro China to Wumei for an enterprise value of €1.9bn, or 12x EV/EBITDA. The expected net proceeds are €1bn and the deal is foreseen to finalize in 2Q20. We believe this news is positive as it is in line with Metro's transformation into a fully focussed Wholesaler. However, as the proceeds will be reinvested in the business to further enhance future top line growth and margin expansion, we do not expect impact on spreads in the short term.
Metro is one of the largest grocery and drugstore operators in Canada; we estimate it has around 10% market share. About 80% of sales are derived from grocery through various banners (Metro, Metro Plus, Super C, and Food Basics) with the remainder from pharmacy. Metro acquired Jean Coutu in fiscal 2018, which expanded its pharmacy presence to around 20% of sales (versus just 10% before the merger) while also enhancing its scale and affording the opportunity to better capitalize on health and bea...
We plan to lift our Metro CAD 37 valuation around CAD 1 to account for the time value of money and a slightly more constructive out-year outlook for the company's pharmacy brand Jean Coutu (19% of total sales) that continues to see prescription growth of just over 2%, above the 1% long-term sales growth we currently estimate for the business. Our more constructive long-term stance on Jean Coutu is mitigated by the slightly stronger generic headwinds during the first half of fiscal 2019 (ending S...
We plan to lift our Metro CAD 37 valuation around CAD 1 to account for the time value of money and a slightly more constructive out-year outlook for the company's pharmacy brand Jean Coutu (19% of total sales) that continues to see prescription growth of just over 2%, above the 1% long-term sales growth we currently estimate for the business. Our more constructive long-term stance on Jean Coutu is mitigated by the slightly stronger generic headwinds during the first half of fiscal 2019 (ending S...
We plan to lift our Metro CAD 37 valuation around CAD 1 to account for the time value of money and a slightly more constructive out-year outlook for the company's pharmacy brand Jean Coutu (19% of total sales) that continues to see prescription growth of just over 2%, above the 1% long-term sales growth we currently estimate for the business. Our more constructive long-term stance on Jean Coutu is mitigated by the slightly stronger generic headwinds during the first half of fiscal 2019 (ending S...
Metro reported solid 3.5% first-quarter sales growth (excluding the Jean Coutu acquisition that closed May 2018), tracking near the 3% organic revenue lift we model for 2019 (fiscal year ending September). Meanwhile, competition, transportation, wage, Jean Coutu mix, and generic drug regulation remain near-term and long-term headwinds, with gross margins dropping 10 basis points to 19.4% (matching our expectation for the current fiscal year) in the quarter. As a result, we don't plan any materia...
Metro reported solid 3.5% first-quarter sales growth (excluding the Jean Coutu acquisition that closed May 2018), tracking near the 3% organic revenue lift we model for 2019 (fiscal year ending September). Meanwhile, competition, transportation, wage, Jean Coutu mix, and generic drug regulation remain near-term and long-term headwinds, with gross margins dropping 10 basis points to 19.4% (matching our expectation for the current fiscal year) in the quarter. As a result, we don't plan any materia...
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