MTS +0.49%: the food, liquor and hardware distributor hosted their AGM today coming with positive commentary since their April year-end. Sales for the first 17 weeks of the year are up 8.9%, led by a 19.5% jump in hardware, supported by 11.5% growth in liquor, and 4.9% in food. Inflation has certainly helped support the growth, while also likely pushing costs higher however the company noted pressures had started to ease in recent weeks. COVID-related costs were also easing while supply chains are opening up again which should provide some relief on the cost front as well.
MM are bullish MTS ~$4
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