MONTREAL — Turning strong sales in a comparatively benign competitive environment helped Metro Inc. here post quarterly sales and earnings that exceeded analyst expectations. In results announced last week for the fiscal second quarter that ended March 14, Metro posted net earnings of $61.8 million (U.S.) on sales of $2.1 billion. Earnings increased 41.3% from the same period last year. Sales improved by 7.5%, and same-store sales grew 7.3%. Earnings of 68 Canadian cents per share exceeded ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.