Canada-based grocer METRO recently delivered its Q3 earnings report for 2022, revealing a sales gain of over $145 million. With a strong report under its belt, the retailer is continuing to push forth with its ambitious supply chain modernization program.
“We are pleased with the performance of our food and pharmacy businesses in the third quarter, which was achieved in a challenging operating environment with increasing inflationary pressures as well as ongoing labor shortages that are impacting the supply chain and our operations,” said Eric La Flèche, President and Chief Executive Officer. “I want to thank our teams who strive to deliver the best value possible to customers in these inflationary times with our multiple formats, effective promotional strategies, and strong private label offering. Finally, we are on track with our supply chain modernization program as the transition to our fully automated frozen food distribution center in Toronto is now complete and the ramp-up is progressing well.”
METRO’s Q3 report also highlighted a series of other accomplishments for the grocer, such as:
This $5.86 billion sales milestone represents a $145 million increase over the $5.71 billion in sales that was reported last year, a press release showed.
To read more of the retailer’s third quarter results, click here.
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