date:Apr 25, 2013
from the expansion of Wal-Mart Stores Inc's grocery business in Canada.
The competitive environment will remain challenging in the coming quarters, Chief Executive Eric La Fleche said in a statement.
Loblaw, in its fourth-quarter earnings in February, had said sales growth in 2013 would be moderated by the entry of a new competitor, among other things.
Metro's net earnings rose to C$366.8 million ($357.5 million), or C$3.77 per share, in the second quarter, from C$96.1 million, or 94 Canadian