Profits at grocery chain Metro increased by more than 10 per cent in the second quarter, as higher sales in the company’s food division and pharmacy unit boosted the bottom line.
The Montreal-based chain posted a net income of $218.8 million in its recently completed quarter, on total sales of just over $4.5 billion. Those figures were up from $4.27 billion and $198 million, respectively, last year.
Sales at the food division — which includes supermarket chains Metro, Food Basics and others — increased by 5.8 per cent compared to the same period a year ago. While grocery bills increased during the quarter,
