Metro Inc., the Quebec-based supermarket chain, has reported a third-quarter sales increase of 1.4 per cent and net earnings at $144.4 million, despite the competitive market that includes other grocery giants such as Loblaw, Sobeys, Costco and Walmart. It also lists $1.63 in diluted earnings per share as compared to $1.49 per diluted share last year.
After the grocery chain’s reorganization of its Ontario locations, it listed sales at $3.62 billion, compared to its year-over-year total of $3.57 billion, with same-store sales rising by one per cent over last year.
“We are satisfied with our third-quarter results achieved in an environment that remains challenging,” says CEO Eric La Fleche in a statement.
Metro operates nearly 600 stores across Ontario and Quebec under numerous banners including Metro, Metro Plus, Super C and Food Basics, and over 250 drugstores.
