Metro comps soar in Q1 on inflation, Food Basics resets

Montreal-based retailer Metro Inc. on Tuesday reported its strongest quarterly same-store sales gains in more than five years, saying price inflation and effective merchandising strategies led to 3.9% comps in its fiscal first quarter, which ended Dec. 20.

The comps were the highest Metro has reported since the third quarter of 2009, Eric LaFleche, president and CEO, said in a conference call discussing the results. Metro est

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