Metro (TSX:MRU) Tax Rate % : 26.54% (As of Mar. 2024)

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What is Metro Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Metro's Tax Expense for the three months ended in Mar. 2024 was C$68 Mil. Metro's Pre-Tax Income for the three months ended in Mar. 2024 was C$255 Mil. Therefore, Metro's Tax Rate % for the quarter that ended in Mar. 2024 was 26.54%.

Metro Tax Rate % Historical Data

The historical data trend for Metro's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Metro Tax Rate % Chart

Metro Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Tax Rate %

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26.29

26.55

26.32

26.36

22.92

Metro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															26.68	16.60	24.14	24.98	26.54

Metro Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Metro's Tax Rate % for the fiscal year that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Sep. 2023 )	/	Pre-Tax Income (A: Sep. 2023 )
	=	303	/	1321.8
	=	22.92 %

Metro's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	67.6	/	254.7
	=	26.54 %

Metro Tax Rate % Related Terms

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Metro (TSX:MRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metro Inc (TSX:MRU) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MTRAF:USA 62M:Germany

Address

11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6

Website

https://www.metro.ca

Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

Executives

Carmine Fortino

Senior Officer

Metro (TSX:MRU) Headlines

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