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.”
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for 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. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.