Metro Q2 Profits Up, Sales Down

Canadian retailer Metro said deflationary pressure from competition ate into sales in the second fiscal quarter, although the company was able to post a 3.7% gain in earnings for the period.

MONTREAL — Canadian retailer Metro here said deflationary pressure from competition ate into sales in the second fiscal quarter, although the company was able to post a 3.7% gain in earnings for the period.

"We are satisfied with the growth of our net earnings in the second quarter, although sales continued to be affected by food price deflation and lower drug pricing," said Eric R. La Fleche, p

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