MONTREAL — Metro Inc. reported its second-quarter profit fell compared with a year ago as its sales edged higher.
In Metro's earlier outlook for the financial year, it said it expected significant headwinds in 2024 with the launch of its automated distribution centre in Terrebonne, Que., and the launch of the final phase of its automated fresh produce plant in Toronto. It said it expects to return to historical earnings growth after fiscal 2024.
The company said the program already has more than 2.5 million active members in Quebec after launching in May last year.
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