Q1 Sales, Earnings Rise at Loblaw

TORONTO — Loblaw here on Wednesday said net earnings improved 40.2% in the first quarter as customers responded to improvements in assortment and service.

Revenues for the period ended March 23 totaled $7.1 billion (U.S.), an increase of 3.8%, with same-store sales growing by 2.8%. Net earnings totaled $169 million, helped in part by amendments to employee benefit plans recorded in the quarter. Loblaw

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