BRAMPTON, Ontario — Loblaw Cos. here on Wednesday said improved execution and cost controls drove a 19.8% gain in net earnings on a 2% sales gain during the third quarter, which ended Oct. 8. However, ongoing infrastructure investments will likely lead to negative pressure on operating income in the months to come, Galen G., Weston, executive chairman, said in a statement. Sales for the 16-week period totaled $9.5 billion (U.S.), with comparable sales increasing by 1.3% compared with the ...
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