Metro, the Montréal-based grocer, has reported a 3.7 per cent upturn in net earnings to CAD$83.3m (US$86.6m) during the second quarter of 2011 on a 0.4 per cent decline in sales to CAD$2.6bn (US$2.7bn).
Eric La Flèche, Metro's president and CEO, said: 'We are satisfied with the growth of our net earnings. Despite the difficult competitive environment, we are confident that we will continue our growth.'
Same-store sales were up 0.2 per cent, but the overall figure was affected by ongoing food deflation of around 1 per cent.
