Loblaw posts Q4, full-year gains

Loblaw Cos. Ltd. reported Q4 revenues of $13.3 billion, compared to $11.6 billion in the comparable period of fiscal 2019 (accounting for an additional week in 2020). Earnings amounted to $394 million. Excluding the extra week, earnings rose by 22 percent to $310 million, or $0.88 per share, compared to $266 million ($0.70) the year before. For the full year, Loblaw earned $1.19 billion ($3.08 per share), up from $1.13 billion ($2.90) in fiscal 2019.