Cost Controls Boost Loblaw Q3 Results

Loblaw Cos. said improved execution and cost controls drove a 19.8% gain in net earnings on a 2% sales gain during the third quarter, which ended Oct. 8.

BRAMPTON, Ontario — Loblaw Cos. here on Wednesday said improved execution and cost controls drove a 19.8% gain in net earnings on a 2% sales gain during the third quarter, which ended Oct. 8.

However, ongoing infrastructure investments will likely lead to negative pressure on operating income in the months to come, Galen G., Weston, executive chairman, said in a statement.

Sales f

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