Grocery giant Metro posts $144.4-million profit, revenue rises 3.8 per cent

August 09, 2012 - 8:05 AM

MONTREAL - Metro Inc. (TSX:MRU) has posted a $144.4-million net profit in its fiscal third quarter, beating analyst estimates.

The Montreal-based grocery store operator says it had $1.43 per share in diluted net earnings, six cents per share above a consensus estimate.

Metro says its revenue for the quarter was up 3.8 per cent compared with the same time last year, rising to $3.7 billion.

Part of the improvement was due to Metro's stake in Alimentation Couche-Tard (TSX:ATD.B), which operates convenience stores in Canada, the United States and Europe.

Metro's share of Couche-Tard's earnings increased to $13.6 million in the quarter, about double the $6.9 million reported a year earlier.

News from © The Canadian Press, 2012

More News ...

iN RESPONSE: Readers have their say
Following are a collection of reader responses to stories or letters to the editor for the third week of April 2025. They have been edited slightly for readability. Got something you want to add? Send an email to editor Marshall Jones

Why butchers are making a comeback in B.C.
Being a butcher is much more than standing in a freezer and hacking meat with a knife, and a butchery instructor in Kamloops says the craft is rising in popularity. Corey Davison is an assistant teaching professor in the retail meat process

UBCO, TRU study finds cannabis use helps in recovery from hard drugs
A new study from UBC Okanagan and Thompson Rivers University has found that cannabis use can offer benefits to people undergoing treatment for substance use. People living in a residential recovery facility were given supervised amounts of

Vernon homeowners to see whopping 10% tax increase
Homeowners in Vernon are set for the highest property tax increase in years with an almost 10% jump when compared to last year. With little debate, Vernon council approved the 9.91% increase – a rate four times that of inflation.

Popular penticton News

Private security company says crime on rise in downtown Kelowna despite falling crime rate
The latest crime data for Kelowna shows the city’s situation is improving but a security company in the downtown core says it’s worse than ever. “I highly doubt those numbe
April 17, 2025 7:00 PM
Garth Mullins on surviving decades of the war on drugs
CONTENT ADVISORY Garth Mullins has experienced first-hand the way society disenfranchises people who use drugs, making them out to
April 19, 2025 7:00 PM
iN NUMBERS: It's a wrap. Ski season is over in Okanagan, Kamloops
Ski season is over in Kamloops and the Okanagan and hopefully you didn’t break anything this year. Now it’s time to reminisce about the bluebird powder days and hot chocolates.
April 20, 2025 4:00 AM
Kamloops trustee asks fellow school board members to forgo pay in face of budget shortfall
A Kamloops school trustee is proposing elected officials in charge of the region's schools suspend their pay in the face of a budget shortfall and impending staff cuts. Trustee Jodhbir K
April 12, 2025 9:00 AM
NHLers on the challenges of winding down post-game: 'Adrenalin shoots through you'
Morgan Rielly is often still replaying the game in his mind. The Toronto Maple Leafs defenceman has also developed a routine across 12 seasons grinding against NHL opponents that helps him r
April 18, 2025 3:00 PM

Trending Now

TRENDING NOW: Doggo had a ruff day

View Site in: Desktop | Mobile

Grocery giant Metro posts $144.4-million profit, revenue rises 3.8 per cent

Trending Now

Kamloops

Kelowna

Penticton

Vernon