Metro’s profit drops 19.3% from year ago as sales edge lower - News Summed Up

Metro’s profit drops 19.3% from year ago as sales edge lower


The Montreal-based grocery company said it earned $106.9 million in its latest quarter, down 19.3 per cent from $132.4 million a year ago. Sales in what was the company’s second quarter totalled just under $2.9 billion for the quarter compared with just over $2.9 billion a year ago. La Flèche said Metro negotiated to retain all the pharmacies but is satisfied with the outcome. He vowed to treat the franchisees of these stores mainly in small communities correctly with no interruption of service to customers. Going forward, those numbers will be incorporated in Metro’s overall financial results, although some details may be flagged as warranted.


Source: thestar April 24, 2018 14:01 UTC



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