Loblaw earnings shows half a billion in profits as Canadians grapple with rising food costs Canada Loblaws
, and drug retail sales continued to grow as well amid the high demand for cough and cold products. Drug retail same-store sales increased by 8.7 per cent.
The company said it earned a profit available to common shareholders of $529 million, and earned $1.76 per share. Profits up 10% in a quarter. Prices rose 10% over last year. Tell me again that Loblaws cannot afford to keep their prices steady without hurting their profit margin.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Loblaw earns $529M in Q4 profits as Canadians struggle with rising food prices | CBC NewsLoblaw Companies Ltd.'s fourth-quarter results beat analysts' expectations on Thursday as the Canadian retailer was boosted by its pharmacy business and a continued demand for groceries.
Lire la suite »
Loblaw posts $529M Q4 profit, revenue up nearly 10 per centLoblaw Companies Ltd. says it earned a profit available to common shareholders of $529 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.
Lire la suite »
The Daily Chase: Loblaw tops Q4 expectations; CAPREIT shows rent surge - BNN BloombergIt appears some cautious optimism is creeping into equity markets this morning, with futures pointing to some gains at the open after a couple painful days to start the week.
Lire la suite »
Loblaw forecasts annual profit above estimates on strong grocery demandLoblaw expects full-year 2023 adjusted earnings per common share to grow in low double-digits compared with the average analyst estimate of 9.64%
Lire la suite »
Loblaw reports $529M Q4 profit, revenue up nearly 10% - BNN BloombergLoblaw Companies says it earned a profit available to common shareholders of $529 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.
Lire la suite »
Loblaw sales topped $14B in fourth quarter amid strong grocery, pharmacy demand - National | Globalnews.caLoblaw's revenues were up 10 per cent in the fourth quarter of the year as demand held strong for groceries and strong cosmetics and pharmacy sales.
Lire la suite »