Best Canadian Grocery Stocks
Food is one thing we all need. It’s one of Maslow’s hierarchy of needs and is in fact one of the basic needs we must regularly satisfy. These days, most people get food at the grocery store or the restaurant. … Read more
TSE:MRU
Metro is a leading food and pharmaceutical company having operations in Quebec and Ontario. The company is one of the largest food retailers in Canada.
The company operates through more than 600 food stores operating under the banners Metro, Metro Plus, Super C, Food Basics and Adonis. Its drug business is conducted through 650 drugstores and pharmacies operating under the banners Jean Coutu, Brunet, Metro Pharmacy and Drug Basics.
Its two business segments, food operations and pharmaceutical operations are combined into one reportable operating segment.
Metro has developed a successful market segmentation strategy with its different grocery banners catering to three different market segments. For example, Metro, Super C and Adonis all target unique markets and customers. Metro and Metro Plus are leading supermarket chains in Quebec and Ontario.
Metro’s largest acquisition of Jean Coutu group that has resulted in the creation of a $16-billion retail leader.
Investment Data- Opportunity Score: 68
- Ticker: TSE:mru
- Sector: Consumer Defensive
- Industry: Grocery Stores
- Market Cap: 13.12B
- P/E: 16.36
- Dividend Yield: 1.89%
- Payout Ratio (Earnings): 30.96%
- Canadian Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 8/10
- Dividend Income Fit: 5/10
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