Loblaw posts sales, earnings increase in Q1

Loblaw posts sales, earnings increase in Q1

The addition of acquired Shoppers Drug Mart stores helped Loblaw record higher sales and profits in the fiscal first quarter, officials said Wednesday.

Loblaw’s retail segment saw revenues improve by 38.5% to $8.4 billion (U.S.) in the quarter, which ended March 28. Net earnings were up 21.7% to $122 million (U.S.). Same-store food sales, excluding fuel and adjusted for a change in tobacco distribution, improved by 2% in t

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