date:May 19, 2014
Its major competition and its a fact of life, Metro Inc. chief executive Eric La Flche said on a recent conference call with analysts to discuss first-quarter results, including a sales lift of 1.7% and same-store sales growth of 1%.
In Loblaws first-quarter earnings presentation, the countrys biggest grocer noted its own square footage grew 0.8% in the period year-over-year, but was up 3.6% in the industry overall compared with a year ago. Revenue and same-store sales gains were thin, rising 1