MONTREAL — Metro Inc. here on Wednesday said net earnings for the fiscal second quarter increased 12.1% to $96.5 million (U.S.) on a 1% increase in same-store sales. Overall sales of $2.7 billion increased by 3.7%, including a contribution from its newly acquired Adonis and Phoenica businesses of $59.2 million. The company said it experienced “moderate” inflation during the 12-week quarter, which ended March 10, while customers “remained cautious.”
SIGN IN TO ACCESS THIS ARTICLE
Registering for Premium Content on Supermarket News will give you INSTANT access 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’s FREE, easy and quick.