Broadline Retail(IN30224.SG)

Last Updated 07:30:00 SGT
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Broadline Retail
IN30224.SG
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UBS Keeps Their Hold Rating on Metro Inc. (MRU)

UBS analyst maintained a Hold rating on Metro Inc. today and set a price target of C$100.00.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential In addition to UBS, Metro Inc. also received a Hold from RBC Capital’s Irene Nattel in a report issued today. However, on the same day, Scotiabank maintained a Buy rating on Metro Inc. (TSX: MRU).

Tip Ranks·
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Tip Ranks·
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Research Alert: CFRA Keeps Hold Opinion On Shares Of Metro Inc.

CFRA maintains a Hold opinion on Metro Inc. shares, trimming the 12-month target by CAD2 to CAD102, reflecting a P/E of 20x FY 26 EPS estimate of CAD5.12. Despite disappointing Q1 results, attributed to a temporary outage at the Toronto distribution center, cost control measures were effective. A rebound is expected in Q2 FY 26 with renewed gross margin expansion and stronger EPS growth, forecasting high-single-digit EPS growth driven by margin expansion and share repurchases.

fidelity·
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fidelity·
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Metro Q1 Earnings Call Highlights

Metro (TSE:MRU) reported sales growth and higher adjusted earnings per share in Q1 despite supply-chain disruptions and inflation pressures. Operations at its Toronto frozen food distribution center have fully resumed after a temporary shutdown. Total sales reached CAD 5.3 billion, up 3.3% year-over-year, with adjusted EPS rising 5.5% to CAD 1.16. The company faced CAD 21.6 million in direct costs related to the shutdown, impacting sales and margins. CEO Eric La Flèche noted ongoing supplier cost pressures and changing consumer behavior, with a shift towards discount and private label products.

Market Beat·
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Market Beat·
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Toronto Stocks Slide; Metro Shares Fall on Softer 1Q Same-Store Sales, Margins

Toronto stocks dipped slightly, with the S&P/TSX Composite Index down 0.2% to 33,026.91. Metro shares fell 5.3% due to weaker first-quarter same-store sales and margins. Other notable movements included Cogeco Communications down 6.6% after a stake sale announcement, Algoma Steel up 4.6% as it positions for a government contract, and AGF Management rising 6.9% on stronger-than-expected earnings. Canadian wholesale trade saw a 2.1% increase in December, driven by the automotive sector.

marketscreener·
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marketscreener·
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India's Metro Brands third-quarter profit surges as tax cuts boost demand

India’s Metro Brands reported a nearly 36% increase in third-quarter profit, reaching 1.28 billion rupees ($13.97 million), driven by consumption tax cuts and festive demand. Revenue rose about 15% to 8.11 billion rupees, with e-commerce sales up 24%. The tax cuts on footwear below 2,500 rupees have made products more affordable, boosting sales. The company also re-appointed CEO Nissan Joseph for a five-year term.

Reuters·
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Reuters·
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Alibaba Cloud's new service integration is smart. But the cloud market is brutally competitive globally

If Alibaba can turn its AI investments into measurable cloud revenue growth, sentiment could flip fast. Right now, it feels like investors are watching, not buying.

$Alibaba(BABA.US) BABA trading sideways while China tech tries to find a theme.

$Alibaba(BABA.US) Market watching cloud growth — BABA’s Alicloud earnings soon?

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