“We are pleased with the expansion of our discount store network, which continues to fuel food sales growth, as well as with the sustained sales momentum in our pharmacy business,” Metro’s president and chief executive officer Eric La Flèche said in a press release on Wednesday.
Profits increased to $246 million from $220 million for the same quarter last year.
The earnings included a one-time gain on the disposal of warehouses the company no longer uses. Including that and other adjustments, net earnings grew by 4.4 per cent to $236.5-million in the quarter.
