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Loblaw Q2 profit jumps to $387M amid higher drugstore, discount store sales – National
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Loblaw Q2 profit jumps to $387M amid higher drugstore, discount store sales – National

By Staff The Canadian Press Posted July 27, 2022 9:17 am Smaller font Descrease article font size -A Larger font Increase article font size A+ Loblaw Companies Ltd. has posted an increase in its second-quarter profit and revenues as drugstore sales boosted the company’s margins and discount grocery store sales grew. Canada’s largest grocery and pharmacy chain says its net income available to common shareholders was $387 million or $1.16 per diluted share, a 3.2 per cent increase from $375 million or $1.09 per share a year ago. Read more: Shopify posts US$1.2B ne...