COVID-19: revenue from Metro powered by the pandemic

COVID-19: les revenus de Metro propulsés par la pandémie

The food giant Metro has seen its net income reach 176,2 million $ in the second quarter of 2020, an increase of 45 %. These results have been influenced for two weeks by the COVID-19.

“This crisis is unprecedented and has asked all of our resources to ensure the safety of our employees and our customers, the resilience of our supply chain and maintenance operations in the stores,” said Eric R. La Flèche, president and chief executive officer.

Wednesday, the sign of québec unveiled its financial results for its quarter ended on march 14. The turnover of the organization has reached nearly $ 4 billion, an increase of 7.8 %. Of this amount, approximately $ 125 million are due to the pandemic, writes the direction.

Metro said that the sales of its stores power comparable, is up 9.7 %. Excluding the impact of the pandemic, this increase would have been 5.2 %.

For its division of pharmacies has also recorded a growth. This increase was 7.9 % including the impact of the virus.

The diluted net income per share was $ 0.69, an increase of 46.8 %.

“The impact of the COVID-19, which represents an increase of approximately $ 0.03 in net income per share”, note the direction.

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