Metro Posts Q1 Profit Gains, but Weak Economy Looms

MONTREAL After Metro Inc. here posted quarterly earnings and margins that exceeded expectations, one analyst questioned whether the retailer could sustain it. Metro said strong sales as well a continued recovery from price competition and internal technology and distribution issues that hurt performance a year ago helped boost adjusted net earnings by 9.9% to $66 million (U.S.) during the fiscal first

MONTREAL — After Metro Inc. here posted quarterly earnings and margins that exceeded expectations, one analyst questioned whether the retailer could sustain it.

Metro said strong sales — as well a continued recovery from price competition and internal technology and distribution issues that hurt performance a year ago — helped boost adjusted net earnings by 9.9% to $66 million (U.S.) during the fiscal first quarter, which ended Dec. 20. Excluding one-time charges for store conv

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