News Formal

Loblaw Companies reports Q3 profit up from year ago, revenue also higher

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 45 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 50%

Beverage Новости

Business,Retail

Loblaw Companies Ltd. reported its third-quarter profit rose compared with a year ago, boosted by the reversal of a charge at its President’s Choice Bank after a Federal Court of Appeal decision.

Bruce Winder, retail analyst of Bruce Winder Retail, talks with us about the company Lowblaw is willing to eliminate exclusivity clauses.

BRAMPTON, Ont. — The retailer, which includes Loblaws grocery stores and Shoppers Drug Mart, says its net earnings available to common shareholders totalled $777 million or $2.53 for the quarter ended Oct. 5. The result compared with a profit of $621 million or $1.95 per diluted share in the same quarter last year.Same-store sales at its food stores were up 0.5 per cent. After excluding the unfavourable impact of the timing of Thanksgiving, the company says food store same-store sales were up about 1.3 per cent.

Drug retail same-store sales were up 2.9 per cent as pharmacy and health-care services same-store sales rose 6.3 per cent, but front store same-store sales fell 0.5 per cent. On an adjusted basis, Loblaw says it earned $2.50 per diluted share in its latest quarter compared with an adjusted profit of $2.26 per diluted share in the same quarter last year.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 83. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Controversy-stricken Loblaw ranks among most responsible Canadian companiesLoblaw has been named one of the most responsible companies in Canada for 2025, despite a year of backlash and controversies. Newsweek revealed its f…
Источник: blogTO - 🏆 44. / 63 Прочитайте больше »

Loblaw Companies reports Q3 profit up from year ago, revenue also higherLoblaw Companies Ltd. reported its third-quarter profit rose compared with a year ago, boosted by the reversal of a charge at its President's Choice Bank after a Federal Court of Appeal decision.
Источник: CTVNews - 🏆 1. / 99 Прочитайте больше »

Loblaw Companies reports Q3 profit up from year ago, revenue also higherBRAMPTON, Ont. — Loblaw Companies Ltd. reported its third-quarter profit rose compared with a year ago, boosted by the reversal of a charge at its President's Choice Bank after a Federal Court of Appeal decision.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »