Loblaw Profits Up, Food Sales Flat

Loblaw Cos. said food sales were flat and drug store sales declined while gasoline sales increased significantly during the third quarter, which ended Oct. 9.

BRAMPTON, Ontario — Loblaw Cos. here said Wednesday food sales were flat and drug store sales declined while gasoline sales increased significantly during the third quarter, which ended Oct. 9.

Net income for the 16-week quarter rose 12.7% to $208.6 million (U.S.), while sales increased 1.3% to $9.4 billion and same-store sales declined 0.4%. For the 40-week year to date, net income was up

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