Owner of Metro, Mac’s reports profit growth

Eglinton and Bayview
The company that owns the big Metro grocery store at Bayview Ave. and Eglinton East is announcing strong revenue and profit growth in the third quarter. Net income was up 75.9 per cent compared with the year-ago period, rising to $145.1 million or $1.46 per share from $84.4 million or 83 cents per share. Part of that increase was due to its investment in the Alimentation Couche-Tard convenience store group (they own the Mac’s right across the street). Many will recall when Metro — then called Metro Richelieu — bought the Eglinton and Bayview store from Loblaws and the change of name which happened about ten years ago. The location was famous for being the busiest grocery store in Toronto and may well still hold the title, although it now has much more competition.