Loblaw Boosts Q2 Earnings

BRAMPTON, Ontario — Loblaw Cos. here last week said net income increased by 8.8% despite a 1.4% decrease in same-store sales during the second quarter, which ended June 18. Galen Weston, Loblaw's chairman, cited unpredictable and competitively intense market conditions for pressuring sales but said ongoing infrastructure improvements and cost savings helped boost earnings. Spending on infrastructure

BRAMPTON, OntarioLoblaw Cos. here last week said net income increased by 8.8% despite a 1.4% decrease in same-store sales during the second quarter, which ended June 18.

Galen Weston, Loblaw's chairman, cited “unpredictable and competitively intense market conditions” for pressuring sales but said ongoing infrastructure improvements and cost savings helped boost earnings.

Spending on infrastructur

Register to view the full article

test - Advanced Registered User

Already a member? .