Grocery company Metro says it had a $111.6 million net profit in the second quarter, a 15.2% increase over the same time last year.
The profit amounted to 43 cents per share on a diluted basis, up from 36 cents in the second quarter of 2014 and one cent better than analyst estimates.
The Montreal-based retailer’s sales rose 6% from last year’s second quarter to $2.707 billion, from $2.55 billion.
The company also benefited from its investment in Alimentation Couche-Tard.
Metro’s share of the multinational convenience store operator rose to $16.3 million from $11 million a year earlier.
Analysts had estimated $2.6 billion of revenue, according to estimates from Thomson Reuters.
