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.
Dan Rohinton, portfolio manager of iA Global Asset Management, gives a pulse check on Canadian grocery stocks.
Sales or the 12-week period ended Sept. 28 totalled $4.94 billion compared with $5.07 billion for the 13-week period ended Sept. 30, 2023. Pharmacy same-store sales rose 5.7 per cent helped by a 6.8 per cent increase in prescription drugs and a 3.3 per cent rise in front-store sales, primarily driven by over-the-counter products, cosmetics and health and beauty.
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