LOBLAWS CREDITS 'LABOR STABILITY,' CAPEX PROJECTS FOR PROFIT INCREASE

TORONTO (FNS) -- Loblaw Cos., which recently appointed a new president, reported a 24% increase in third-quarter profit to $74 million or 27 cents a share. Revenue at Canada's largest grocer rose 8.4% to $4.1 billion. The results matched the estimates of analysts.mpany appointed John Lederer to replace Richard Currie, who is stepping down, effective Jan. 1. Currie, who spent 24 years as president

TORONTO (FNS) -- Loblaw Cos., which recently appointed a new president, reported a 24% increase in third-quarter profit to $74 million or 27 cents a share. Revenue at Canada's largest grocer rose 8.4% to $4.1 billion. The results matched the estimates of analysts.

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