MONTREAL — Metro Inc. reported a fourth-quarter profit of $219.9 million, down from $222.2 million a year earlier when its fourth-quarter included one more week.
The company behind Metro grocery stores and Jean Coutu drugstores said the profit amounted to 98 cents per diluted share for the quarter with a profit of 96 cents per share a year earlier when it had more shares outstanding.
Food same-store sales for the quarter were up 2.2 per cent, while online food sales gained 27.6 per cent versus the comparable 12-week period last year. On an adjusted basis, Metro said it earned $1.02 per diluted share in its latest quarter compared with an adjusted profit of 99 cents per diluted share in the same quarter last year.
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