TORONTO — Lower prices helped Loblaw Cos. here boost sales during its fiscal first quarter, but accompanying lower margins — along with restructuring costs related to employee severance and other cost-cutting measures — led to a net earnings decline of 61.4% for the quarter ended March 24, the company here said yesterday. Net earnings totaled $48.8 million (U.S.), or 20 cents (Canadian) a share. Sales of $5.8 billion (U.S.) increased 3.3% for the 12-week quarter, with same-store sales ...

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.