Metro Inc. announced earnings results for first quarter ended December 17, 2016. For the quarter, the company reported Sales of $2,971.3 million against sales of $2,961.6 million a year ago. Operating income before depreciation and amortization and associate's earnings was $216.8 million against operating income before depreciation and amortization and associate's earnings of $210.3 million a year ago. Net earnings were $138.1 million against $139.8 million a year ago. Diluted earnings per share were $0.58 against $0.56 a year ago. Capex investments totaled approximately $84 million.

On January 23, 2017, the corporation's board of directors declared a quarterly dividend of $0.1625 per common share payable March 13, 2017, an increase of 16.1% over the dividend declared for the same quarter last year.