MONTREAL — Improved store conditions and better execution in shrink helped Metro Inc. overcome what it viewed as the peak of food-price deflation during the second quarter, the retailer here said last week. Overall customer counts were up slightly in the quarter, but average basket size decreased as deflation for the basket averaged about 2% during the quarter, which ended March 13, Metro officials said. Quarterly net earnings of $80.5 million (U.S.) improved by 5.2% from the same period ...
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.