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)
Don’t get left behind: Keep pace with the job market by AI upskilling at uOttawa
uOttawa’s Paula Branco was a math teacher in Portugal for more than a decade before deciding to boost her career by going back to school. “I’m one of those people
Why your next investment should be Canadian art
Ahead of its highly anticipated Give to Get Art Auction on May 29th, the Ottawa Art Gallery (OAG) offers some expert advice on investing in art. Art can inspire, spark
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.
