• The Company realized net earnings of $78.9 million compared to $50.2 million, an increase of 57.2%. Fully diluted net earnings per share reached $0.68, up 41.7% from $0.48 last year.
• An investment disposal gain of $10.5 million before taxes, integration and rationalization costs of $3.2 million before taxes and a $1.4 million tax expense reduction were recorded in the fourth quarter.Excluding these non-recurring items, adjusted net earnings would have been $71 million, up 41.4% over the same quarter last year, and adjusted fully diluted net earnings per share would have been $0.61, an increase of 27.1%.
• Sales increased 37% to $2,673.5 million. Excluding the acquisition of A&P Canada, the impact of the 53rd week in 2006, decreased sales of tobacco products, and some abandoned clients, the sales increase would have been 1.9%.
• A total of $18.7 million in synergies was recorded in the fourth quarter.

• The Company realized net earnings of $253 million compared to $190.4 million, an increase of 32.9%. Fully diluted net earnings per share reached $2.18, up 13.5% from $1.92 last year.
• An investment disposal gain of $10.5 million before taxes, integration and rationalization costs of $28 million before taxes and a $5.5 million tax expense reduction were recorded over the fiscal year. Excluding these non-recurring items, adjusted net earnings would have been $257.6 million, up 35.3% over the previous fiscal year, and adjusted fully diluted net earnings per share would have been $2.22, an increase of 15.6%.
• Sales increased 64.7% to $10,944 million. Excluding the acquisition of A&P Canada, the impact of the 53rd week in 2006, decreased sales of tobacco products, and some abandoned clients, the sales increase would have been 3.1%.
• With $51.3 million in synergies achieved in fiscal 2006, we exceeded our initial first-year target of $35 million.

Please look at our Press Release

To properly view PDF file you should have: Acrobate Reader installed.

Subscribe and receive METRO INC's latest information.