Thursday, August 10, 2023

Metro posts huge profit

Metro Inc. reported a 20 per cent increase in net earnings to $346.7 million for the quarter ended July 1.

It angered striking employees in Toronto-area Metro stores where more than 70 per cent are limited to part-time hours earning less than $17 an hour.


The supermarket chain’s revenues increased by 10 per cent to $6.13 billion, slightly higher than Statistics Canada’s measurement of food inflation.