Metro Inc. Q3 profit decreased to $296.2M, while sales increased 3.5% to $6.65B, driven by food and pharmacy same-store sales growth.
Metro Inc. reported a Q3 profit of $296.2M, down from $346.7M in the same quarter last year. Despite the decrease, sales increased by 3.5% to $6.65B, driven by a 2.4% rise in food same-store sales and a 5.2% increase in pharmacy same-store sales, with a 6.3% increase in prescription drugs and a 3.0% increase in front-store sales. Metro's CEO, Eric La Flèche, attributed the growth to effective merchandising and good execution at their food and pharmacy banners.
August 14, 2024
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