Grocery CEO Pushes Back Against Canada Minister’s Food-Price Criticisms
- Metro chief says the company has been transparent on prices
- Grocery chain beat analysts’ estimates, gives flat EPS outlook
A Metro grocery store in Picton, Ontario.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
The head of one of Canada’s largest supermarket chains rejected criticisms from a government minister who said grocery sellers aren’t being transparent enough about food inflation and the sector isn’t competitive enough.
Metro Inc. Chief Executive Officer Eric La Fleche told reporters Tuesday his executives have “cooperated, collaborated” and been open with government officials about food pricing decisions and what the company is doing to hold down costs.