Metro Posts Q2 Profit Gains

MONTREAL Canadian retail 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 Flche, president

MONTREAL — Canadian retail 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 Flèche, president and chief ex

Register to view the full article

test - Advanced Registered User

Already a member? .