Inflation Boosts Loblaw Results

Rapid product price inflation and reduced costs helped Loblaw Cos. post quarterly earnings that exceeded analyst estimates. But executives remained cautious, citing the potential for additional volatility in the economy and margin challenges as prices recede. This was an OK quarter, maybe OK-plus, Allen Leighton, president and deputy chairman, said in a conference call with analysts last

TORONTO — Rapid product price inflation and reduced costs helped Loblaw Cos. here post quarterly earnings that exceeded analyst estimates. But executives remained cautious, citing the potential for additional volatility in the economy and margin challenges as prices recede.

“This was an OK quarter, maybe OK-plus,” Allen Leighton, president and deputy chairman, said in a conference call with analysts last week. “I think we're getting more of the basics right but we're flattered

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