Grocery and drugstore retailer Metro reports Q1 profit and sales up from year ago | 24CA News
Metro Inc. reported a revenue of $231.1 million in its newest quarter, up from $207.7 million in the identical quarter a 12 months earlier, whereas its gross sales rose 8.2 per cent.
The grocery and drugstore retailer says the revenue amounted to 97 cents per diluted share for the 12-weeks ended Dec. 17, up from 85 cents per diluted share a 12 months earlier.
Sales in what was the primary quarter of the corporate’s 2023 monetary 12 months totalled $4.67 billion, up from practically $4.32 billion a 12 months in the past.
The enhance in gross sales got here as meals same-store gross sales rose 7.5 per cent in contrast with a 12 months in the past.
Pharmacy same-store gross sales gained 7.7 per cent in contrast with a 12 months in the past with a 6.5 per cent enhance in prescription drug and a ten.2 per cent achieve in front-store gross sales.
On an adjusted foundation, Metro says it earned $1.00 per diluted share, up from an adjusted revenue of 88 cents per diluted share a 12 months earlier.
