Metro’s Q1 Sales, Earnings Up

Metro Inc. on Tuesday said net earnings when adjusted for conversion expenses increased by 10%, while sales were up by 3.7% and same-store sales climbed 3.5% during the fiscal first quarter, which ended Dec. 20. The results

MONTREAL — Metro Inc. here on Tuesday said net earnings when adjusted for conversion expenses increased by 10%, while sales were up by 3.7% and same-store sales climbed 3.5% during the fiscal first quarter, which ended Dec. 20.

The results accompanied improvements in EBITDA and gross margin, indicating a continued recovery from intense price competition and distribution issues that hurt the company’s performance a year ago, officials said.

Performance at Ontario stores

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