MONTREAL — Turning strong sales in a comparatively benign competitive environment helped Metro Inc. here post quarterly sales and earnings that exceeded analyst expectations.
In results announced last week for the fiscal second quarter that ended March 14, Metro posted net earnings of $61.8 million (U.S.) on sales of $2.1 billion. Earnings increased 41.3% from the same period last year. Sales improved by 7.5%, and same-store sales grew 7.3%. Earnings of 68 Canadian cents per sh