Company Earnings Update 3 minutesRegister for Free AccessMetro 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? Register for a free user account. This document was generated for Other research you may be interested in: Unleashing the Power of Retail Media with First-Party Data and Location AnalyticsWeekly US and UK Store Openings and Closures Tracker 2023, Week 37: Wilko Again Drives UK ClosuresWeak Demand Hampers 6.18 Shopping Festival: China Consumer TrackerWeekly US and UK Store Openings and Closures Tracker 2024, Week 27: Walgreens Boots Alliance and Bob’s Stores To Close Stores in the US
