Loblaw: Sales Gain Absorbs Strike Effects its banners experienced sales growth in the second quarter ended June 15, absorbing the effects of a two-week strike in its Saskatchewan superstores, unseasonable weather in Ontario and Quebec as well as the company's intensified lower pricing activity in Quebec. In the 12-week second quarter, Loblaw's sales rose 6.3% to $3.4 billion, same-store sales were up 4.1%, and net income increased 30% to $94.9 million. Earnings per share were 34 cents, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.