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Trade News

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 rising

Wednesday, April 20, 2016 > 10:22:49
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(Financial Post)

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.


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