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Metro sales up more than 10% as Canadians eat at home due to COVID-19 pandemic

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globalnews.ca

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]Sales totalled $5.84 billion, up from $5.23 billion.

Food same-store sales rose 15.6 per cent, while pharmacy same-store sales edged up 1.0 per cent.Metro says expenses related to COVID-19 totalled $107 million in the quarter.On an adjusted basis, Metro said it earned $1.08 per share for what was the company’s third quarter, up from an adjusted profit of 90 cents per share a year ago.Analysts on average had expected an adjusted profit of $1.07 per share, according to financial markets data firm Refinitiv.In its outlook, Metro said it was impossible to predict how long the pandemic will continue or what it would mean for long-term shopping patterns.However, in the.

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