Shrink Improvements Pace Metro Q1 Results

Better store operations leading to improved margins helped Metro Inc. increase sales and earnings despite deflation and heavy price competition during its fiscal first quarter, the retailer here said Tuesday.

MONTREAL — Better store operations leading to improved margins helped Metro Inc. increase sales and earnings despite deflation and heavy price competition during its fiscal first quarter, the retailer here said Tuesday.

Officials said customer counts were up but basket sizes decreased during the quarter that ended Dec. 13, due mainly to deflation of around 1% overall. Same-store sales were flat, while EBITDA increased by 7%.

“We didn’t increase pricing, we’re as competi

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