Grocer Metro Inc. reported better than expected earnings and revenue in its latest quarter.
The company says it earned nearly $1.3 billion or $5.67 per share for its first quarter, boosted by the sale of its stake in Alimentation Couche-Tard Inc. to help fund its deal to buy the Jean Coutu Group Inc.
The result compared with a profit $138.1 million or 58 cents per share in the same quarter a year earlier.
OBJ360 (Sponsored)

Hard Rock Hotel & Casino Ottawa is the company’s new Canadian jewel
There’s a buzz of excitement at Hard Rock Hotel & Casino Ottawa as a $350-million transformation of the former Rideau Carleton Raceway nears completion. This high-energy entertainment destination will soon

City of Cornwall serves up natural beauty, rich history and modern amenities
An appealing, accessible destination for all A beautiful riverside city steeped in history, Cornwall offers visitors a chance to embrace modern experiences, connect with nature and immerse themselves in the
Sales for the 12 weeks ended Dec. 23 totalled $3.11 billion, up from $2.97 billion.
On an adjusted basis, Metro says it earned $153.4 million or 67 cents per share, up from $138.1 million or 58 cents per share a year ago.
Analysts on average had expected a profit of 59 cents per share and $3.02 billion in revenue, according to Thomson Reuters.