The grocer said its fourth quarter net earnings, which were down 1.3 per cent at $217 million, felt the negative impact of a nearly two-month shutdown of its Toronto frozen-food distribution centre, following a mechanical issue with its refrigeration system. (The Logic)

Talking point: The company had previously estimated the closure would cost it $22 million. The losses came from spoiled inventory and equipment rentals, as well as other logistical costs, said chief financial officer Nicolas Amyot in a call with investors. The company expects another $15- to $20-million trim to its net earnings in the first quarter, he said. Operations at the centre resumed last week, said CEO Eric La Flèche in a statement, and will be “essentially back to normal” by the end of 2025. Sales for the quarter were up 3.4 per cent, with online sales jumping 19.8 per cent.