FINANCIAL NEWS WATCH

Loblaw: Sales Gain Absorbs Strike Effectsits banners experienced sales growth in the second quarter ended June 15, absorbing the effects of a two-week strike in its Saskatchewan superstores, unseasonable weather in Ontario and Quebec as well as the company's intensified lower pricing activity in Quebec. In the 12-week second quarter, Loblaw's sales rose 6.3% to $3.4 billion, same-store sales were

Loblaw: Sales Gain Absorbs Strike Effects

its banners experienced sales growth in the second quarter ended June 15, absorbing the effects of a two-week strike in its Saskatchewan superstores, unseasonable weather in Ontario and Quebec as well as the company's intensified lower pricing activity in Quebec. In the 12-week second quarter, Loblaw's sales rose 6.3% to $3.4 billion, same-store sales were up 4.1%, and net income increased 30% to $94.9 million. Earnings per share were 34

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