Metro Inc. said Wednesday that sales during the fiscal third quarter increased by 1.4% but profits were flat as the Canadian market remained “intensely competitive,” officials of the Montreal-based retailer said.
For the period, which ended July 5, sales totaled $3.4 billion (U.S.) and same-store sales improved by 1%. Net earnings totaled $132 million (U.S.).
"Our merchandising strategies and investments, as well as our reorganization of our Ontario store network enabled us to increase sales in a market that remains intensely competitive,” Eric LaFleche, president and CEO, said in a release.
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