Loblaw Companies Ltd. posted an increase in profit and sales in its second quarter, with drugstore sales driving overall margin expansion.
Posted: Jul 28, 2022 1:45 PM ET | Last Updated: 10 hours ago Loblaw posted an increase in profit and sales in its second quarter, with drugstore sales driving overall margin expansion.
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Loblaw Q2 profit jumps to $387M amid higher drugstore, discount store sales - National | Globalnews.caAdjusted profits for the three months ended June 18 was $566 million or $1.69 per diluted share, up from $464 million or $1.35 per diluted share in the second quarter of 2021.
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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.
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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.
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Loblaw says 'inflation has or will soon peak' as it books $387M profitNet income available to common shareholders hit $387 million, or $1.16 per diluted share, up 3.2 per cent from $375 million, or $1.09 per share, in 2021 From alicjawithaj
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Loblaw links profit boost to health products, calls grocery margins 'stable' | SaltWireLoblaw’s revenue hit $12.9 billion in the second quarter, up $356 million from the same quarter last year. Profit to shareholders is also up.
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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.
Read more »