Inflation Boosts Loblaw Q1 Results; Execs Cautious

Rapid product price inflation and reduced costs helped Loblaw post earnings that exceeded analyst estimates during its fiscal first quarter.

TORONTO — Rapid product price inflation and reduced costs helped Loblaw here post earnings that exceeded analyst estimates during its fiscal first quarter. But executives were cautious Tuesday, citing the potential for additional volatility in the economy and margin challenges when prices recede.

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