Metro Inc

MRU: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 62.00	Hldzj	Nlcbytqsg

Metro Earnings: Discount Aisle Bolsters Strong Sales Growth as Internal Food Costs Swell

Dan Wasiolek , Ari Felhandler

Aug 9, 2023

We don’t plan a material change to our CAD 68 fair value estimate for no-moat Metro, as we balance better-than-anticipated third-quarter sales growth against profitability that tracks just below our fiscal 2023 forecast. As such, we view shares as fairly valued.

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