Loblaw earnings take big hit in Q4

BRAMPTON, Ont. — Loblaw Cos. Ltd. reported that Q4 profits declined as the grocery and pharmacy giant logged $230 million in costs. Profits dropped to $19 million, or $0.05 per share, from $201 million ($0.50 per share) a year ago. Revenues also declined to $11.03 billion, from $11.13 billion the same time last year.

https://hardlines.ca/wp-content/themes/hardlines-responsive