Metro has posted their third quarter financial results. Sales in the third quarter and first 40 weeks of 2012 reached $3,703.5 million and $9,067.1 million, up 3.8% and 3.7% respectively. Adonis stores and distributor Phoenicia's third quarter and 40-week sales contributed $81.3 million and $173.3 million respectively to the Corporation's sales. Same store sales were up 1.0% for the third quarter of 2012 compared to the corresponding period in 2011. Metro experienced modest inflation in the third quarter, which was lower than in the first two previous quarters. Eric R. La Flèche, President and Chief Executive Officer, stated “We are very pleased with our strong third quarter results, which reflect our efficient merchandising programs, excellent cost control and strong execution by the Metro team. Despite increasing competition, we are confident that we can continue on our growth path."<hr class="legacyRuler"><hr class="invisible minimal-padding">
