Canadian retailer Loblaw Companies reports Q1 FY21 sales of $11.8 bn

Loblaw Companies Ltd, a Canadian food retailer (also retails apparel brands), posted marginal 0.6 per cent sales growth to $11.8 billion (Canadian dollars) in its first quarter (Q1) FY21 ended on March 27, 2021 compared to the same period previous fiscal. The company’s net earnings for Q1 FY21 rose to $335 million (Q1 FY20: $276 million).

 

Loblaw Companies Ltd, a Canadian food retailer (also retails apparel brands), posted marginal 0.6 per cent sales growth to $11.8 billion (Canadian dollars) in its first quarter (Q1) FY21 ended on March 27, 2021 compared to the same period previous fiscal. The company's net earnings for Q1 FY21 rose to $335 million (Q1 FY20: $276 million).#

The company’s e-commerce sales increased 133 per cent compared to Q1 FY20, while operating income rose 14 per cent to $617 million.

 

Loblaw Companies Ltd, a Canadian food retailer (also retails apparel brands), posted marginal 0.6 per cent sales growth to $11.8 billion (Canadian dollars) in its first quarter (Q1) FY21 ended on March 27, 2021 compared to the same period previous fiscal. The company's net earnings for Q1 FY21 rose to $335 million (Q1 FY20: $276 million).#

“A year into the pandemic, our stores, supply chain and digital assets have demonstrated resilience and innovation and are better prepared than ever to serve the needs of Canadians,” Galen G Weston, executive chairman, Loblaw Companies Limited, said in a press release. “Our strong financial results reflect continued momentum and positive consumer response to the value and services in our stores and our expanding online solutions.”

 

Loblaw Companies Ltd, a Canadian food retailer (also retails apparel brands), posted marginal 0.6 per cent sales growth to $11.8 billion (Canadian dollars) in its first quarter (Q1) FY21 ended on March 27, 2021 compared to the same period previous fiscal. The company's net earnings for Q1 FY21 rose to $335 million (Q1 FY20: $276 million).#

Retail segment sales which includes in-store pharmacies and other health and beauty products and apparel and other general merchandise, rose 0.7 per cent to $11,670 million ($11,584 million).