LOBLAW'S EARNINGS CLIMB 17% WHILE VOLUME DECLINES BY 9%

TORONTO -- Sales at Loblaw Cos. here declined 9% for the first quarter, while net earnings jumped 17%.earlier, the company reported. Loblaw's sales fell roughly $200 million due to the sale of its U.S. retail business, National Tea Co., to Schnuck Markets, St. Louis, last year. Loblaw totaled $350 million (Canadian) in sales from its U.S. arm last year.By region, first-quarter sales in eastern Canada

TORONTO -- Sales at Loblaw Cos. here declined 9% for the first quarter, while net earnings jumped 17%.

earlier, the company reported. Loblaw's sales fell roughly $200 million due to the sale of its U.S. retail business, National Tea Co., to Schnuck Markets, St. Louis, last year. Loblaw totaled $350 million (Canadian) in sales from its U.S. arm last year.

By region, first-quarter sales in eastern Canada rose to $1.4 billion from $1.3 billion, and quarterly sales in western Cana

Register to view the full article

Already a member? .