Canadian grocery store Loblaw said this week the Q1 profits rose by 36%. The group said it earned C$126m (US$80.8m) or C$0.46 per share, up from C$93m or C$0.34 per share in the year-ago period. Sales meanwhile rose 9% to C$4.95bn from C$4.55bn, while same-store sales showed a 5% improvement.
Canadian grocery store Loblaw said this week the Q1 profits rose by 36%.
The group said it earned C$126m (US$80.8m) or C$0.46 per share, up from C$93m or C$0.34 per share in the year-ago period.
Sales meanwhile rose 9% to C$4.95bn from C$4.55bn, while same-store sales showed a 5% improvement.
The group was given a shot in the arm by its 14 new store openings and cost-cutting measures.
