Loblaw Companies Ltd. reports Q3 profit, revenue up from year ago

The grocery and drugstore retailer says its net earnings available to common shareholders totalled $556 million or $1.69 per diluted share for the quarter ended Oct. 8. The result was up from $431 million or $1.27 per diluted share in the same quarter last year.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up.

On the backs of their customers!!!!!

Good! I'm a shareholder.

High Inflation!! Give me a break . It comes to corporate greed! Nothing to do with Governments . 😢

I wonder why? Butter - 5.99 Lettuce - 4.99 4L Milk - 5.49 ...

Not a surprise. Gouging prices, compounded by the inflation Trudeau caused by constant over spending and the boomerang effect of sanctions.

Of course....artificially/disproportionate price increases has a way of beefing up the bottom end....oops that was rather climate insensitive of me....

I pulled my money from Pfizer and parked it into loblaws... follow the money.. works.

didnt taxpayers pay for their fridge and freezer overhauls while they were making said profits?

There no surprise here. Loblaw's froze the 'no name' brand and hiked everything else. Bread and pastries prices have gone up to 30%. The PC coffee packaging has kept the same size with almost 25% less content. Cheeses price is higher than other stores,excluding Sobeys, by 30%.

Shocked.

“Inflation”

A pittance compared to Big Pharma yet crickets! Just think if Big Pharma repaid every penny over 30%.

Loblaws continues to rape Canadian wallets.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Loblaw Companies Ltd. reports Q3 profit and revenue up from year agoLoblaw Companies Ltd. reported its third-quarter profit rose about 30 per cent compared with a year ago. Inflation I guess. I thought it was “Inflation” that was driving up the cost? Funny how their profit goes up with the cost of groceries. 🤔
Source: CTVCalgary - 🏆 26. / 68 Read more »

Ottawa to give out $800 million to clean fuels companies, with more funds to comeOttawa has dipped into its clean fuels\u002Dfund announcing $800 million for 60 companies in the sector\u0027s \u0027cutting edge.\u0027 Read on.
Source: financialpost - 🏆 7. / 85 Read more »

Ottawa to give out $800 million to clean fuels companies, with more funds to comeOttawa has dipped into its clean fuels\u002Dfund announcing $800 million for 60 companies in the sector\u0027s \u0027cutting edge.\u0027 Read on. More handouts to oil companies? Haven't they already profited enough off of us? Methinks they need more stick, less carrot. They're laughing at you. Green energy is so good, green energy companies can't survive without hundreds of millions of govt support.
Source: nationalpost - 🏆 10. / 80 Read more »