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METRO Reports 2021 Fourth Quarter Results MONTRÉAL , Nov. 17 , 2021 / CNW Telbec / - METRO INC . ( TSX : MRU ) today announced its results for the fourth quarter of fiscal 2021 ended September 25 , 2021 . 2021 FOURTH QUARTER HIGHLIGHTS • Sales of $ 4,092.0 million , down 1.2 % , and up 6.0 % vs 2019 • Food same - store sales down 2.9 % , and up 6.8 % vs 2019 • Pharmacy same - store sales up 4.1 % , and up 9.8 % vs 2019 • Net earnings of $ 194.0 million , up 4.0 % and adjusted net earnings ( 1 ) of $ 200.6 million , up 3.9 % , and up 15.9 % and 15.3 % respectively vs 2019 • • Fully diluted net earnings per share of $ 0.79 , up 6.8 % , and adjusted fully diluted net earnings per share ( 1 ) of $ 0.81 , up 5.2 % , and up 19.7 % and 19.1 % respectively vs 2019 Expenses related to COVID - 19 totalling $ 9 million 2021 FISCAL HIGHLIGHTS • Sales of $ 18,283.0 million , up 1.6 % , and up 9.0 % vs 2019 • Net earnings of $ 825.7 million , up 3.7 % and adjusted net earnings ( 1 ) of $ 854.2 million , up 3.0 % , and up 15.6 % and 16.8 % respectively vs 2019 • Fully diluted net earnings per share of $ 3.33 , up 6.1 % , and adjusted fully diluted net earnings per share ( 1 ) of $ 3.44 , up 5.2 % , and up 19.8 % and 21.1 % respectively vs 2019 Expenses related to COVID - 19 totalling $ 104 million , including $ 24 million of gift cards to front - line employees • Record level of capital spending of just under $ 600 million ( Millions of dollars , except for net earnings per share ) Sales 2021 % 12 weeks / Fiscal Year 2020 % Change ( % ) 4,092.0 100.0 4,143.6 100.0 ( 1.2 ) Operating income before depreciation 403.6 9.9 403.5 9.7 and amortization Adjusted operating income before depreciation 403.6 9.9 403.5 9.7 and amortization ( 2 ) Net earnings 194.0 4.7 186.5 4.5 4.0 Fully diluted net earnings per share 0.79 - 0.74 6.8 Adjusted net earnings ( 1 ) 200.6 4.9 193.1 4.7 3.9 Adjusted fully diluted net earnings per share ( 1 ) 0.81 0.77 5.2 52 weeks / Fiscal Year ( Millions of dollars , except for net earnings per share ) 2021 % 2020 % Change ( % ) Sales 18,283.0 100.0 17,997.5 100.0 1.6 Operating income before depreciation and amortization 1,732.5 9.5 1,683.6 9.4 2.9 Adjusted operating income before depreciation and amortization ( 2 ) 1,732.5 9.5 1,691.1 9.4 2.4 Net earnings 825.7 4.5 796.4 4.4 3.7 Fully diluted net earnings per share 3.33 3.14 6.1 Adjusted net earnings ( 1 ) 854.2 4.7 829.1 4.6 3.0 Adjusted fully diluted net earnings per share ( 1 ) 3.44 3.27 5.2 ( 1 ) See table on " Net earnings adjustments " and section on " Non - IFRS Measurements " ( 2 ) ( 3 ) See t2able on " Operating income before depreciation and amortization adjustments " and section on " Non - IFRS Measurements " See section on " Forward - looking Information " PRESIDENT'S MESSAGE " We ended the 2021 fiscal year on a strong note with net earnings growth in the fourth quarter ,