Metro Inc. reported strong food sales amid higher prices for fresh fruit and vegetables in its most recent quarter, though the company expects produce costs to moderate close to summer. Statistics Canada released figures Wednesday that showed produce led the rise in food inflation last March. Excluding the Jean Coutu Group, Metro said sales were up 4.0 per cent compared with a year ago. Article Continued BelowOn an adjusted basis, Metro said it earned 60 cents per share for the quarter, up from an adjusted profit of 47 cents per share a year ago. Analysts on average had expected a profit of 63 cents per share and revenue of $3.73 billion, according to Thomson Reuters Eikon.

Source: thestar April 17, 2019 11:37 UTC