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.

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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.

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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. 🤔
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