Operating income witnessed a significant rise to $861 million, reflecting a $92 million increase, or 12 per cent, while adjusted EBITDA reached $1,544 million, up by $96 million, or 6.6 per cent. Notably, the retail segment gross profit percentage saw an uptick to 31.6 per cent, with a 30 basis points increase, the company said in a press release.
Diluted net earnings per common share stood at $1.47, showing an impressive increase of $0.18, or 14 per cent, while adjusted diluted net earnings per common share reached $1.72, indicating a noteworthy increase of $0.17, or 11 per cent.
“We continued to deliver value, quality and service across our various banners, which led to more customers choosing our stores,” said Per Bank, president and chief executive officer, Loblaw Companies Limited. “Our dedicated colleagues, strategic plan and unique assets position us well to best serve the needs of Canadians today and in the future.”
Fibre2Fashion News Desk (DP)