MONTREAL — Grocery giant Metro bested analyst expectations to post a same-store sales increase of 1% as competition continues to roil Canadian retailers. The company’s net income fell to $96.9 million, or C$1.07 per share, in the quarter ended March 15 from C$362.7 million, or C$3.80 per share, a year earlier. Meanwhile, sales rose 1.7% to $2.55 billion. Analysts had expected only about $2.52 billion in sales and a value of $1.02 per share, Reuters reports.
Metro outstrips Q2 estimates
Most Recent
Most Read
Alberta wildfires: How Weyerhaeuser was affected
Wed, May 31st, 2023
Quebec cabinet supplier reckons with acquisition gone bad
Wed, May 31st, 2023
Retailers must provide "unified engagement," says RCC panelist
Wed, May 31st, 2023
Quebec BMR member celebrates grand opening
Tue, May 30th, 2023
RONA affiliate dealers open first urban store in the West
Tue, May 30th, 2023
Pont-Masson adds ninth store
Tue, May 30th, 2023
DMC promotes LBM recruitment leader
Tue, May 30th, 2023
Retail Council kicks off Store Conference
Tue, May 30th, 2023
BMR members talk family matters in new podcast
Tue, May 30th, 2023
TIMBER MART grand opening has fun carnival feel
Mon, May 29th, 2023