BRAMPTON, Ontario — Quarterly sales were flat and profits fell but Loblaw Cos. here raised dividends in a signal that its board remained confident in the retailer’s long-term strategy. In financial results for the 16-week quarter, which ended Oct. 6, Loblaw said retail sales of $9.6 billion (U.S.) increased by 0.7% while same-store sales climbed by 0.2%. Net earnings of $221.3 million (U.S.) decreased by 6% as operating margins declined 20 basis points to 4.1% of sales. The ...
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