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Canadian Grocery Chain Loblaw's Profit Beats Estimates

Published on Jul 25 2018 2:30 PM in Retail tagged: Canada / Financial Results / Paywall / Loblaws

Canadian Grocery Chain Loblaw's Profit Beats Estimates

Canadian grocery and pharmacy chain Loblaw's quarterly profit topped analysts' estimates on Wednesday, driven by higher food and drug same-store sales.

The company, which sells everything from groceries to wireless mobile connections, said that food retail same-store sales grew by 0.8%, while drug retail same-store sales rose by 1.7%.

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