Competition, Deflation Impact Metro's Q1

MONTREAL — Price deflation driven by intense competitive activity contributed to flat same-store sales and decreased earnings during the fiscal fourth quarter, Metro Inc. here said Tuesday.

MONTREAL — Price deflation driven by intense competitive activity contributed to flat same-store sales and decreased earnings during the fiscal fourth quarter, Metro Inc. here said Tuesday.

Overall sales of $2.6 billion (U.S.) decreased by 0.5% for the 12-week period, which ended Dec. 18. Net earnings fell 6.2% to $98.1 million, but improved by 3.7% when adjusted for an income tax decrease and non-recurring expens

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