TORONTO (FNS) -- Loblaw Cos., which recently appointed a new president, reported a 24% increase in third-quarter profit to $74 million or 27 cents a share. Revenue at Canada's largest grocer rose 8.4% to $4.1 billion. The results matched the estimates of analysts.
mpany appointed John Lederer to replace Richard Currie, who is stepping down, effective Jan. 1. Currie, who spent 24 years as president of Loblaws, will remain a director.
Loblaws' main banners are Loblaws, Provigo, Fortino's, No Frills and Zehrs. The company also sells the President's Choice private-label brand.
