Company Earnings UpdateMetro Group (DB: MEO)1Q17 Trading Update: Weak Grocery Segment Weighs on Top Line Coresight Research January 11, 2017 Executive Summary Metro Group reported net sales of €17.0 billion in 1Q17, down 0.6% from the same period last year, and almost in line with consensus estimates. Comps edged up by 0.1% year over year. Metro Cash and Carry posted sales of €8.0 billion, down 0.3% year over year, which the company attributed to sales of its operations in Vietnam and negative foreign-currency effects. Sales at Media-Saturn were flat at €6.9 billion, and sales at Real declined by 4.0% to €2.1 billion. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Keeping Green While Saving Green: Five Areas for Technology-Driven Sustainability in 2025Retail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UKRetail 2025: 10 Trends in Retail TechnologyAnalyst Corner: US Grocery Retail—Decoding the $1.6 Trillion Market, with Sujeet Naik
