Metcash remains solid – poised for future growth
Metcash has impressed financial analysts with its sales result for the year to April 30 as the company praises its retiring CEO Andrew Reitzer for his excellent stewardship over 15 years.
Metcash Trading (MTS) has posted an increase in group sales of 3.8 per cent to $13.1 billion. Although the flagship food and grocery pillar has declined in sales for the 12 months, the rationale presented for this decline at Metcash Food & Grocery is based on one-off events relating to the restructuring of the Campbells business, and the closure of some Queensland IGA stores as part of the Walters/Cornetts rationalisation. Retail World – Read More.