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MTRAF - Metro Inc.: Distribution Center Investments Dragging On Results
Metro Inc
2024-03-07 06:07:16 ET
Summary
Metro Inc. reports decent earnings despite economic pressures and operational inefficiencies due to new investments in distribution centers.
Operating expenses are up, impacting margins, but the company expects this operating expense inflation to disappear in Q1 2025 run rates.
The multiple is not great value, but it's not bad value either, as we think the company will execute reasonable growth over the next three years at least.