Canadian supermarket chains face competition from U.S. discount retailers
date:Apr 25, 2013
cents per share, a year earlier.

The earnings were helped by an after-tax, one-time gain of C$266.4 million related to the sale of nearly half of its stake in Alimentation Couche-Tard Inc.

On an adjusted basis, the company earned C$1.02 per share from continuing operations.

Sales fell 3 percent to C$2.51 billion. The fall was primarily due to the inclusion of the week preceding Christmas in the first quarter, compared with the second quarter a year earlier.

Sales at established stores, an i
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