Loblaw Companies Limited, a Canadian food retailer (also retails apparel brands), has reported 10.7 per cent revenue growth to $11.8 billion (Canadian Dollars) in first quarter (Q1) FY20 ended on March 21, 2020 compared to revenue of $10.6 billion in same period prior year. Operating Income for the quarter grew to $541 million (Q1 FY19: $451 million).
Loblaw Companies Limited, a Canadian food retailer (also retails apparel brands), has reported 10.7 per cent revenue growth to $11.8 billion (Canadian Dollars) in first quarter (Q1) FY20 ended on March 21, 2020 compared to revenue of $10.6 billion in same period prior year. Operating Income for the quarter grew to $541 million (Q1 FY19: $451 million).#
Retail segment sales jumped 10.8 per cent to $11,584 million.Food retail (Loblaw) same-stores sales grew 9.6 per cent. Drug retail (shoppers drug mart) same-store sales increased was 10.7 per cent.
Loblaw Companies Limited, a Canadian food retailer (also retails apparel brands), has reported 10.7 per cent revenue growth to $11.8 billion (Canadian Dollars) in first quarter (Q1) FY20 ended on March 21, 2020 compared to revenue of $10.6 billion in same period prior year. Operating Income for the quarter grew to $541 million (Q1 FY19: $451 million).#
Financial services reported flat revenue of $266 million in the reported quarter.
Loblaw Companies Limited, a Canadian food retailer (also retails apparel brands), has reported 10.7 per cent revenue growth to $11.8 billion (Canadian Dollars) in first quarter (Q1) FY20 ended on March 21, 2020 compared to revenue of $10.6 billion in same period prior year. Operating Income for the quarter grew to $541 million (Q1 FY19: $451 million).#
“As we remain focused on long term value creation, and we see signs of fundamental change in consumer behaviour, our conviction around the strategic importance of our leading positions in loyalty, digital retail, and connected healthcare is stronger than ever,” Galen Weston, executive chairman, Loblaw Companies Limited, said in a press release.
Loblaw Companies Limited, a Canadian food retailer (also retails apparel brands), has reported 10.7 per cent revenue growth to $11.8 billion (Canadian Dollars) in first quarter (Q1) FY20 ended on March 21, 2020 compared to revenue of $10.6 billion in same period prior year. Operating Income for the quarter grew to $541 million (Q1 FY19: $451 million).#
Adjusted gross profit in the quarter were $3,450 million. Net earnings attributable to shareholders of the company were $243 million.
Fibre2Fashion News Desk (JL)
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