(Montréal, November 18, 2009) – METRO INC. (TSX: MRU.A) announced its results today for the fourth quarter and fiscal year ended September 26, 2009. METRO realized record adjusted net earnings⁽¹⁾ of  $85.9 million ($0.78 per share) in the fourth quarter, up 18.5% over those in 2008. Adjusted net earnings⁽¹⁾ for fiscal 2009 reached a record $359.0 million ($3.23 per share), a 27.8% increase over 2008.

2009 FOURTH QUARTER HIGHLIGHTS

• Adjusted net earnings⁽¹⁾ of $85.9 million, up 18.5%
• Adjusted fully diluted net earnings per share⁽¹⁾ of $0.78, up 20.0%
• Net earnings of $84.4 million ($0.77 per share) versus $72.5 million ($0.65 per share)
• Sales of $2,532.5 million, up 2.3%
• Same store sales up 2.0%
• Declared dividend of $0.1375 per share, up 10.0%

FISCAL 2009 HIGHLIGHTS

• Adjusted net earnings⁽¹⁾ of $359.0 million, up 27.8%
• Adjusted fully diluted net earnings per share⁽¹⁾ of $3.23, up 30.2%
• Net earnings of $354.4 million ($3.19 per share) versus $292.2 million ($2.58 per share)
• Sales of $11,196.0 million, up 4.4%
• Repurchase of nearly 4 million shares
  

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