A Loblaws store in Toronto., Canada’s largest grocery chain, reported second-quarter gains in both revenue and profit, as its new chain of physiotherapy clinics and its drug retail business helped drive up sales.
Net earnings were $428 million, down $6 million from last year. Loblaw said it recorded a charge of $111 million in the quarter, due to aLoblaw hikes dividend by 11% as Canadians dining in boost profit Loblaw noted that its earnings-per-share growth was helped by share buybacks, as it spent $603 million on repurchases in the second quarter alone.
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Loblaw links profit boost to health products, calls grocery margins 'stable'Loblaw said its profit\u002Dmargin boost came from its drug stores, not food retail. Find out more here. Ohhh, they are gouging us for health products not groceries. So they're price fixing health products instead of bread this time. Ya, ok.
Source: nationalpost - 🏆 10. / 80 Read more »
Loblaw links profit boost to health products, calls grocery margins 'stable'Loblaw said its profit\u002Dmargin boost came from its drug stores, not food retail. Find out more here.
Source: fpinvesting - 🏆 43. / 63 Read more »
Loblaw links profit boost to health products, calls grocery margins 'stable'Loblaw said its profit\u002Dmargin boost came from its drug stores, not food retail. Find out more here. Ohhh, they are gouging us for health products not groceries. So they're price fixing health products instead of bread this time. Ya, ok.
Source: nationalpost - 🏆 10. / 80 Read more »
Loblaw links profit boost to health products, calls grocery margins 'stable'Loblaw said its profit\u002Dmargin boost came from its drug stores, not food retail. Find out more here.
Source: fpinvesting - 🏆 43. / 63 Read more »