Loblaw posts higher sales, earnings

Loblaw Cos. Ltd. has posted Q3 earnings of $777 million, or $2.53 per share, up from $621 million ($1.95) a year earlier. Revenues rose to $18.54 billion from $18.27 billion in the comparable period last year, falling short of analyst estimates of $18.65 billion. Same-store sales at the company’s grocery banners grew by 0.5 percent.