Metro: Surprising Q2 Fiscal Results



Tue. November 22nd, 2011

Metro Inc has announced its second quarter results. The company’s net earnings per share increased by a healthy 8.1%, and saw net earnings increase by a total 3.7%. Metro also experienced a slight .4% dip in sales for the quarter. Taken together, Metro Inc CEO Eric R. LaFleche stated that “We are satisfied with the growth of our net earnings in the second quarter although sales continued to be affected by food price deflation and lower drug pricing. Despite the difficult competitive environment, we are confident that we will continue our growth due to our effective merchandising, loyalty, and cost control programs.”<hr class="legacyRuler"><hr class="invisible minimal-padding">