Metro Stock
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Metro says grocery shoppers still hunting for deals even as inflation easesMetro reported its second-quarter profit fell compared with a year ago as its sales edged higher. Food and pharmacy sales were both up in the quarter.MoneyApr 24
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Expect a squeeze on orange juice costs as supplier price freeze ends: Metro CEOMetro Inc. says that a surge in purchases through Uber Eats and Instacart helped more than double its online food sales in the company's first fiscal quarter of the year.MoneyJan 30
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Metro posts massive profit as GTA workers continue to strikeMetro says earnings surged in its latest quarter, fuelled by higher same-store sales. The third-quarter earnings come as Metro grocery store workers in the GTA continue to strike,MoneyAug 9, 2023
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5 takeaways from the Competition Bureau’s study into Canada’s grocery sectorCanada's competition watchdog released its much-awaited study into the country's retail grocery market, painting a picture of an industry dominated by few players.MoneyJun 27, 2023
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Metro profit jumps 10.4% on food, pharmacy sales amid high inflationMetro's increase in sales came as food same-store sales rose 5.8 per cent compared with a year earlier, while pharmacy same-store sales gained 7.3 per cent.MoneyApr 19, 2023
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Loblaw’s No Name price freeze ends as rival warns of impending cost increasesAs Canadians faced high prices at the supermarket due to inflation, Loblaw announced on Oct. 17, 2022 that it was locking in prices of its popular in-house brand until Jan. 31.ConsumerJan 31, 2023
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Metro reports higher profit and sales in first quarter amid soaring inflationOn an adjusted basis, Metro says it earned $1.00 per diluted share, up from an adjusted profit of 88 cents per diluted share a year earlier.CanadaJan 24, 2023
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Future food prices uncertain as suppliers up costs, Metro, Loblaw warnLoblaw Cos. Ltd. and Metro Inc. say they've received fresh rounds of cost increase notices from food suppliers in recent weeks.CanadaNov 16, 2022
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Metro warns of higher food costs as grocery industry grapples with rising inflationMetro said while sales dipped slightly during the fourth quarter, they remained elevated compared to pre-COVID-19 figures.MoneyNov 17, 2021
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