Metro Posts Q3 Record Net Earnings, Experiences Higher Synergies
MONTREAL -- With its three-part plan to integrate and rationalize its operations proceeding apace, Metro, Inc. here reported net earnings of CAN $89.3 million (US $84.4 million) for its third quarter, vs. CAN $85.1 million (US $80.4) last year, an increase of 4.9 percent. Fully diluted net earnings per share were 77 cents, up 5.5 percent from 73 cents in the year-ago period. Sales rose 0.1 percent to CAN $3.3 billion (US $3.1 billion), while same-store sales went up 2.1 percent.