07:46 AM EST, 11/19/2025 (MT Newswires) -- Metro (MRU.TO) said Wednesday that fourth-quarter adjusted earnings and sales both advanced.

Adjusted net income rose 8.6% to $246 million, or $1.13 per diluted share, from $226.5 million, or $1.02 per diluted share. Analysts polled by FactSet had expected $1.09 per share.

Sales increased 3.4% to $5.1 billion inline with forecasts. The increase was driven by higher sales in discount and pharmacy retail networks. Metro reported that same-store food sales edged up 1.6%, while pharmacy same-store sales posted a 4.8% increase.

The company wrote-down $24.5 million during the quarter, relating to frozen product inventories following a mechanical failure of the refrigeration system at the frozen food distribution centre in Toronto. The operations at the distribution centre were stopped on Sept. 12, and only resumed last week, the company said.

"We ended our 2025 fiscal year with a solid fourth quarter, delivering adjusted fully diluted net earnings per share growth of 10.8%, achieving our financial framework on all metrics for the year. After almost two months of shutdown, I am pleased to report that we resumed operations last week at our frozen distribution centre in Toronto and expect to be essentially back to normal by the end of December," said chief executive Eric La Fleche.