MONTREAL -- Metro-Richelieu here said retail sales growth and cost controls boosted sales and earnings for the second quarter and 24 weeks ended March 11. Net income rose 42.2% to $7.3 million (U.S.) for the quarter and 43.7% to $15.6 million for the half. Sales jumped 7.6% to $491.8 million for the quarter and 6.8% to $1 billion for the first half. The company attributed the earnings increase to "sales growth that outperformed the food industry in general, as well as sustained control of ...
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