Metro Q1 sales flat, earnings down

Metro Inc. on Monday said sales were flat in its first fiscal quarter, while same-store sales declined 0.5% and earnings also declined relative to a year ago.

Net income of $89 million (U.S.) was down about 15.4% relative to a year ago, which included some one-time gains in the year-ago period and one-time costs in the first quarter of 2014. Adjusted earnings from continuing operations were $93.2 million, down about 6% versus

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