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Industry NewsMetro Inc. Q2 2020: Sales climb pre and post-crisis

Metro Inc. Q2 2020: Sales climb pre and post-crisis


Even before the pandemic hit, Metro Inc. second quarter 2020 sales increased with food same store sales up 5.2 per cent when compared with growth of 4.3 per cent in the same quarter in 2019. When food same store sales due to the COVID-19 pandemic were included, sales were up nearly 10 per cent.

The dollar value sales increase due to the pandemic was approximately $125 million.

Metro also noted in its outlook that food same-store sales during the first four-weeks of the third quarter were up 25 per cent compared with a year ago.

Overall sales in the second quarter fiscal 2020 were up 7.8 per cent at $3.99 billion compared to $3.70 billion in the second quarter of fiscal 2019.

“The crisis related to COVID-19 is unprecedented and has solicited all our resources to ensure the safety of our employees and customers, the resilience of our supply chain and our ability to maintain in-store operations,” commented Eric La Flèche, president and CEO of Metro Inc. “

As a leading provider of food and pharmacy products, our teams are fully dedicated to serving the everyday essential needs of our customers safely and responsibly. I want to express my sincere gratitude to all our front-line teams who have shown exceptional dedication since the beginning of the crisis. Also, we increased our community investments to provide food and other essentials to those most in need. We do not know how long this crisis will last but we will continue to serve our customers as best as we can, making the health and safety of our teams and customers our top priority.”

La Flèche reiterated that an earlier announcement of a $420 million investment to build a new automated distribution centre in Terrebonne, Que., for fresh and frozen produce are still on track to be operational in 2023.

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