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.
There are 365 namesake locations in Ontario and Quebec. Super C is the discount supermarket division operated in Quebec with 72 stores, averaging 4,000 m2 (43,056 sq ft). These stores contribute to C$1 billion of Metro’s annual sales.
In Ontario, Metro has 119 discount 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 142 small groceries 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. 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 5 years for the construction of a new automated distribution centre for fresh and frozen products, which they hope to open in 2023.
Traded as: TSX: MRU
Industry: Supermarket
Founded: 1947 in Verdun, Quebec, Canada
Founder: Rolland Jeanneau
Headquarters: Montreal, Quebec, Canada
Divisions:
- Food Basics
- Super C
- Marché Richelieu
- Les 5 Saisons
- Marché Ami
- The Barn Markets (Operating as “Metro”)
Subsidiaries:
- Brunet
- Jean Coutu Group
- Marché Adonis
Website: www.metro.ca corpo.metro.ca