That big Metro store at Bayview and Eglinton Aves. is still part of a gold mine of grocery outlets according to third-quarter results released Tuesday. They reported better-than-expected quarterly revenue and profit as same-store sales rose 3.8 percent, the biggest increase since the third quarter of 2009. The company increased the quarterly dividend to 35 Canadian cents per common share from 30 Canadian cents. It also announced a three for one stock split. Nice. Metro reorganized its Ontario store network converting some of its Metro stores into Food Basics (like the one in East York Town Centre). That discount grocery brand is intended to attract customers looking to spend less as money gets tighter.
