Metro Inc

MRU: XTSE (CAN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Metro Earnings: Resilience Amid Challenging Consumer Backdrop; Shares Remain Overvalued

Metro's first-quarter sales grew 3.3%, driven by same-store sales growth of 1.6% in food and 5.1% in pharmacy. The operating margin decreased 20 basis points from last year to 6.4% due to a 30-basis-point headwind from the temporary shutdown of a frozen distribution center.

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