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.
Source: Healthcare Press (healthcarepress.net)
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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. $387M in a single quarter. Doesn’t raise salaries like it does prices. Galen Weston is a terrible human. Poll: Is Loblaw taking advantage of customers? To be fair, $387M in today’s money is like $100M in 2019
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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.
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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.
Source: fpinvesting - 🏆 43. / 63 Read more »
Loblaw Q2 profit increases to $387M amid strength in drugstores - BNN BloombergLoblaw has posted an increase in its second-quarter profit and revenues as drugstore sales boosted the company's margins and discount grocery store sales grew. We plan ahead and generally don't buy an item unless it's 'on sale'. When it is 'on sale' we buy a lot, unless it's perishable. If you base your diet a 2000 cal per days...you will save 50% of your grocery bill and also buy better quality food. With 2000cal...75% of the supermarket you don't buy....60% of the population is overweight Wanna save a bundle at the supermarket? Simple... stay out of the middle aisles! Cook fresh, at home, and your body will thank you.
Source: BNNBloomberg - 🏆 83. / 50 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 »