Inventory information: Couche-Tard and BlackBerry submit beneficial properties, Metro flags strike impression

The Laval, Que.-based firm, which retains its books in U.S. {dollars}, says its complete income got here in at US$19.5 billion, rising year-over-year from US$16.27 billion. The corporate says greater common gas promoting costs helped to extend income through the interval. 

Couche-Tard says its complete merchandise and repair income got here in at US$4.5 billion, rising 7.7 per cent from US$4.19 billion. 

Couche-Tard CEO Alex Miller says the corporate’s technique, which it unveiled in February, is driving robust momentum throughout its U.S. enterprise. 

BlackBerry studies Q1 revenue and income up, raises full-year income steerage

BlackBerry Ltd. reported a first-quarter revenue of US$8.5 million, up from US$1.9 million in the identical quarter final yr, as its income rose 26%. 

The software program firm, which retains its books in U.S. {dollars}, additionally raised its income outlook for its full yr to between US$594 million and US$621 million, up from an earlier forecast for between US$584 million and US$611 million. BlackBerry shares jumped 16% or C$2.05 to C$14.31 in buying and selling on the Toronto Inventory Trade.

Income for the quarter totalled US$152.9 million, up from US$121.7 million in the identical quarter final yr.

The corporate’s revenue amounted to a penny US per share for the three months ended Might 31 in contrast with zero cents US per share a yr earlier.

On an adjusted foundation, BlackBerry says it earned 4 cents US per share in its newest quarter in contrast with an adjusted revenue of two cents US per share a yr in the past.

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Metro says ongoing strike in Laval, Que., will take a chew out of Q3 earnings

Metro Inc. says the continued strike at its Laval, Que., recent produce distribution centre is weighing on its third-quarter gross sales. The grocery store says its adjusted earnings per share is estimated to be between $1.22 and $1.27 for its third quarter, in contrast with $1.52 in the identical quarter a yr in the past. 

The grocery store says its meals same-store gross sales for the primary 14 weeks of its 16-week third quarter had been down 1.5%, in comparison with the corresponding weeks final yr. 

The corporate has been incurring incremental prices from its contingency plan to maintain recent produce on retailer cabinets because the strike drags on. The corporate will report its third-quarter earnings on Aug. 12.

Metro says the union rejected its newest provide introduced earlier this month. The union got here again with a counteroffer at the moment, which the grocery store mentioned it couldn’t conform to.

Metro’s Laval distribution centre employs 550 unionized staff and supplies recent produce to about 300 shops in Quebec.

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