BRAMPTON, Ontario — Loblaw Cos. here on Wednesday said net income in the fiscal first quarter was down by 22.2% as a result of soft sales, higher transportation costs and a $10 million investment in lower prices. Net earnings of $128 million (U.S.) or 45 Canadian cents per share, came in below analyst estimates of 50 cents. Sales of $7 billion (U.S.) were up by 0.9% but same-store sales decreased by 0.7%. Food and drug sales were flat, while gas revenues grew as a result of price ...

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.