MONTREAL -- Metro here said last week that its ongoing retail investment program contributed significantly to the sales growth the company experienced in the fourth quarter and fiscal year ended Sept. 28.
and 17 new stores being opened.
In the fourth quarter, sales rose 6.1% to $771.6 million, comparable-store sales were up 2.4%, net income grew 22.5% to $22.8 million, and earnings per share were 23 cents, vs. 18 cents in the previous fourth quarter.
For the year, sales increased 5.7% to $3.3 billion, comps were up 3.2%, net income rose 17% to $91.2 million, and earnings per share were 89 cents, vs. 77 cents in the previous fiscal year.
