TORONTO -- Loblaw Cos. here said strong retail sales boosted overall sales and earnings for the third quarter and 40 weeks ended Oct. 8. Net income rose 37.3% to $24.6 million U.S. for the 16-week quarter and 25.3% to $62 million for the year to date. The results were converted to U.S. currency at the exchange rate of $1.36 Canadian to the U.S. dollar. Sales rose 6.9% for the quarter to $2.3 billion and 6% for the 40 weeks to $5.6 billion. The company said improvements in its New Orleans ...
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.