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Metro to Convert 10 Stores to Food Basics

8/13/2026

43 7 Full Breakdown

Summary

Story summary

Metro Inc. will convert 10 stores to Food Basics, including Southgate Ottawa and 20 Church Ave. Toronto, and shut a warehouse and a Montreal e-commerce centre.
The restructuring will incur termination benefits, site-closure and lease costs.
Metro posted net profit of $211.3 million for the year ending July 4 2026, down 35 percent from $323 million.
The company blamed a Laval labour dispute and weak same-store sales for the decline.

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Story summary

Metro Inc. will convert 10 stores to Food Basics, including Southgate Ottawa and 20 Church Ave. Toronto, and shut a warehouse and a Montreal e-commerce centre.
The restructuring will incur termination benefits, site-closure and lease costs.
Metro posted net profit of $211.3 million for the year ending July 4 2026, down 35 percent from $323 million.
The company blamed a Laval labour dispute and weak same-store sales for the decline.