Loblaw Q2 Profits Dip

BRAMPTON, Ontario — Loblaw Cos. here on Wednesday said net profits declined by 15.9% in the second quarter as price investments exceeded modest sales gains.

Comparable-store sales improved by 0.2% and overall revenues improved by 1.1% to $7.2 billion (U.S.) for the 12-week quarter that ended June 16. EBITDA margin slid to 6.4% of sales from 6.9% as a result of around $15 million in price investments an

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