SALES, EARNINGS UP AT LOBLAW

TORONTO -- Loblaw Cos. here said Wednesday sales and earnings rose during the third quarter and 40 weeks ended Oct. 5. In the 16-week quarter, sales were up 7.1% to $7.2 billion (US $4.6 billion) and same-store sales grew 4%. Net income increased 36.2% to $119.3 million, and earnings per share were 43 cents, compared with 32 cents in last year's third quarter.in that region. The company added that

TORONTO -- Loblaw Cos. here said Wednesday sales and earnings rose during the third quarter and 40 weeks ended Oct. 5. In the 16-week quarter, sales were up 7.1% to $7.2 billion (US $4.6 billion) and same-store sales grew 4%. Net income increased 36.2% to $119.3 million, and earnings per share were 43 cents, compared with 32 cents in last year's third quarter.

in that region. The company added that food-price inflation remains low, with further declines in the quarter.

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