Metro: stock up further after earnings rise

(CercleFinance.com) - The Metro share continued to rise today, having risen by up to 3% in early trading, after the group announced its Q2 2022 sales and results.


The company reported 12-week sales of 4,274.2 million dollars, up 1.9%. Grocery shop sales were up 0.8% on a comparable basis and up 11.5% for the first 8 weeks of Q2 compared to 2020 (pre-Covid period).

Meanwhile, net income reached 198.1 million dollars for the 12 weeks, up 5.3%, while adjusted net income was 204.7 million dollars, up 5.1%.

Net earnings per diluted share were 0.82 dollar, up 9.3%, while adjusted net earnings per diluted share were 0.84 dollar, up 7.7%.


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