Metro Q2 Earnings Beat Expectations

Metro Inc. rode strong sales to a quarterly earnings performance that exceeded analyst expectations.

MONTREAL — Metro Inc. rode strong sales to a quarterly earnings performance that exceeded analyst expectations. In financial results for the second quarter ended March 14 announced Thursday, Metro posted net earnings of $61.8 million (U.S.) on sales of $2.1 billion. Earnings increased by 41.3% from the same period last year. Sales improved by 7.5% and same-store sales saw 7.3% growth. Earnings of 68 Canadian cents per share exceeded consensus estimates of 61 cents.

Eric La Fleche, pre

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