Canadian retailer Metro Inc has reported an increase in first-quarter profits as higher sales boosted margins. Metro booked a 17.1% rise in net earnings to C$121.4m (US$121.1m) for the quarter to 22 December. Excluding profits from a ...
Tags: food inflation, food industry, profits
Canadian retailer Metro Inc has appointed François Thibault as group CFO. Thibault takes over from Richard Dufresne from 1 August, who quit the role in February to take up a position at an unnamed company. Thibault joins Metro ...
Tags: Metro Inc, François Thibault, group CFO, food
Canadian retailer Metro Inc has today (9 August) posted a rise in third-quarter net profits on the back of increased sales. Net earnings for the quarter ending 30 June increased 13.6% to C$144.4m (US$225.6m). EBITDA climbed 10.3% to ...
Tags: Profit, Net earnings, Metro, net profits
Canadian retailer Metro Inc has reported higher annual profits - and seen sales in its most recent quarter outstrip rival Loblaw. Metro's full-year earnings were boosted by its acquisition of local rival Marché Adonis and higher ...
Tags: retailer, Metro, annual profits, full-year earnings
Metro Inc has announced the sale of its foodservice division, Distrago, as it looks to increase its focus on its core food stores. In an announcement today (22 October), Metro said that it has sold the unit to Sysco Corporation for an ...
Tags: Metro, sale, foodservice division, core food
Canadian retailer Metro Inc has broken ground on a produce and dairy products warehouse in Quebec. The Laval-based facility, set to open in March 2013, will replace the firm's warehouse located in Montreal's east end, it said. Built at ...