US Markets

Retailer Loblaw quarterly revenue rises 2%

Credit: REUTERS/CHRIS WATTIE

Canadian retailer Loblaw Cos Ltd reported a 2.3% rise in quarterly revenue on Wednesday, boosted by higher demand at its pharmacies and food stores.

Nov 13 (Reuters) - Canadian retailer Loblaw Cos Ltd L.TO reported a 2.3% rise in quarterly revenue on Wednesday, boosted by higher demand at its pharmacies and food stores.

Net earnings attributable to common shareholders rose to C$331 million ($250.17 million), or 90 Canadian cents per share, in the third quarter ended Oct. 6, from C$106 million, or 28 Canadian cents per share, a year earlier.

Revenue rose to C$14.66 billion from C$14.32 billion.

($1 = 1.3231 Canadian dollars)

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)

((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 0422))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More