MONTREAL — Price inflation has returned to Canada, but much of its effects are being swallowed up in promotional battles, officials of Metro Inc. here said Wednesday.
The retailer reported sales of $3.6 billion (U.S.), an increase of 0.4%, for the fiscal third quarter that ended July 2. Same-store sales increased by 0.5%. Net earnings of $127 million for the quarter improved by 4.1% and EBITDA was essentially flat at $252 million.
Eric LaFleche, chief executive officer of Metro, in a ...
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