The result, which beat economists' expectations, was the first increase since October.
Metro Inc. reported its second-quarter profit and sales were up compared with a year ago, boosted by its acquisition of the Jean Coutu Group drug store chain last year.
The grocer says it earned $121.5 million or 47 cents per diluted share for the 12-week period ended March 16, up from a profit of $106.9 million or 47 cents per share a year ago.
Sales totalled $3.7 billion, up from $2.9 billion. Excluding the Jean Coutu Group, Metro says sales were up 4.0 per cent compared with a year ago.
Euromonitor report picks three grocers from around the globe that are enhancing the customer experience and disrupting existing formats.
Employers can help fill a gap in healthcare for employees with chronic diseases by adding health coaching services to their health benefits plan. To help make this happen, Health Solutions by Shoppers Drug Mart has launched a team-based health coaching program for employers that connects employees—by phone or video chat—with nurses, pharmacists and/or dietitians so that they can better manage their conditions in their daily lives.
In addition to more selection of lower priced offerings, Dollarama officially launched online shopping at the beginning of the year. The online store has approximately a thousand items for sale, and while the items are sold in bulk, Rossy hopes that it will fill a certain type of customer’s needs.
The juice and smoothie brand touts both the health and social benefits of ethically sourced "superfoods."