BRAMPTON, Ontario — Loblaw Cos. here on Wednesday said net profits declined by 15.9% in the second quarter as price investments exceeded modest sales gains. Comparable-store sales improved by 0.2% and overall revenues improved by 1.1% to $7.2 billion (U.S.) for the 12-week quarter that ended June 16. EBITDA margin slid to 6.4% of sales from 6.9% as a result of around $15 million in price investments and higher labor costs, and ongoing IT expenses, officials said. Net earnings ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.