Loblaw reports $529M Q4 profit, revenue up nearly 10%

Philippines News News

Loblaw reports $529M Q4 profit, revenue up nearly 10%
Philippines Latest News,Philippines Headlines
  • 📰 TheTorontoSun
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Loblaw says it earned a profit of $529 million in its latest quarter as its revenue rose nearly 10% compared with a year ago.

“Consumers responded favourably to those efforts and continued to benefit from our extensive private label offering, leading loyalty program and targeted promotions.”

Revenue totalled $14.0 billion, up from $12.8 billion in the fourth quarter of 2021. The increase in revenue came as food retail same-store sales gained 8.4 per cent, while drug retail same-store sales rose 8.7 per cent..On an adjusted basis, Loblaw says it earned $1.76 per diluted share in its latest quarter, compared with an adjusted profit of $1.52 per diluted share a year earlier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheTorontoSun /  🏆 23. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Loblaw reports $529M Q4 profit, revenue up nearly 10% - BNN BloombergLoblaw reports $529M Q4 profit, revenue up nearly 10% - BNN BloombergLoblaw Companies says it earned a profit available to common shareholders of $529 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.
Read more »

Loblaw posts $529M Q4 profit, revenue up nearly 10 per centLoblaw posts $529M Q4 profit, revenue up nearly 10 per centLoblaw Companies Ltd. says it earned a profit available to common shareholders of $529 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.
Read more »

Loblaw forecasts annual profit above estimates on strong grocery demandLoblaw forecasts annual profit above estimates on strong grocery demandLoblaw expects full-year 2023 adjusted earnings per common share to grow in low double-digits compared with the average analyst estimate of 9.64%
Read more »

Loblaw sales topped $14B in fourth quarter amid strong grocery, pharmacy demand - National | Globalnews.caLoblaw sales topped $14B in fourth quarter amid strong grocery, pharmacy demand - National | Globalnews.caLoblaw's revenues were up 10 per cent in the fourth quarter of the year as demand held strong for groceries and strong cosmetics and pharmacy sales.
Read more »

Opinion: 10 ways investing in youth can help Canada's futureOpinion: 10 ways investing in youth can help Canada's futureInvest in the next generation early, and everyone will be better off.
Read more »

CBC boss scores 10% retroactive raise even though he left five years agoCBC boss scores 10% retroactive raise even though he left five years agoThe CBC\u0027s former head got a hefty raise, even though he left the public broadcaster five years ago, according to Blacklock\u0027s Reporter.
Read more »



Render Time: 2025-03-19 04:16:09