Loblaw 4Q sales rise, but charges ding earnings

Loblaw 4Q sales rise, but charges ding earnings

Loblaw on Thursday said sales increased by 2.3% for the fiscal fourth quarter, thanks in part to improving comps in food, while impairment charges sent net earnings down by 34.4%.

The figures were adjusted to account for an extra week in 2014’s fourth quarter.

"I am pleased to report that we continued to deliver against our financial plan in the fourth quarter and, on a comparable basis, we delivered positive sam

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