Metro posts Q2 earnings gains

Grocer Metro Inc. posted its results for Q2 on Tuesday. Net earnings for this quarter were $220.0 million, up 17.6 percent; adjusted net earnings of more than $226 million were up 9.8 percent.

Sales in the second quarter were $4.91 billion, up 5.5 percent versus the second quarter of the prior year. Sales were positively impacted by the transfer of two significant pre-Christmas shopping days to the second quarter this year, the company stated in a release.

Food same-store sales were up 5.3 percent and up 3.9 percent when adjusting for the Christmas week shift. Pharmacy same-store sales were up 7.0 percent.

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