Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Canada: Metro Inc reports profit and sales risingWednesday, April 20, 2016 > 10:22:49
Metro Inc. said Wednesday its second-quarter profit was up more than 10 per cent compared with a year ago.
The grocery store chain said it earned $124.9 million or 51 cents per diluted share for the quarter ended March 12 compared with $111.6 million or 43 cents per diluted share a year ago.
The increase came as sales grew to $2.88 billion, up from $2.71 billion in the same quarter last year.
Same-store sales, a key metric for retailers, increased by 5.0 per cent.
Metro has more than 600 grocery stores under several banners including Metro, Metro Plus, Super C and Food Basics.
The company also has more than 250 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.