News Formal

Loblaw calls out ongoing 'outsized' price hikes from big brand-name food companies

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

'We did not pass the full amount of cost inflation to customers, leading to food gross margin declines yet again this quarter,' Loblaw chairman and president Galen Weston said.

Canada's largest grocer says its product costs have risen by nearly $1 billion so far this year — double the historic norm — as it continues to see "outsized" price increases from big multinational food brands.

His comments come after Loblaw Companies Ltd. said cost hikes from suppliers appear out of sync with the commodity cost environment, and are contributing to elevated food inflation in Canada. The grocer made the decision to highlight the ongoing oversized price increases as it's "one of the big drivers of cost inflation that we are seeing," Loblaw chairman and president Galen Weston said.

Many big food makers with headquarters outside of Canada are continuing to pass along significant price increases to retailers.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 14. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Loblaw Companies reports $418M Q1 profit, raises quarterly dividend 10%Revenue for the 12\u002Dweek period totalled nearly $13 billion, up from nearly $12.3 billion a year earlier
ソース: TheTorontoSun - 🏆 23. / 68 続きを読む »

Loblaw Companies reports $418M Q1 profit, raises quarterly dividendLoblaw Companies Ltd. raised its dividend 10 per cent as it reported a profit available to common shareholders of $418 million for its first quarter.
ソース: CTVNews - 🏆 1. / 99 続きを読む »