Loblaw Companies (TSE:L) has released an update.
Loblaw Companies Limited reported a robust start to 2024 with a 4.5% revenue increase to $13.581 billion and significant operational achievements, including a 9.8% rise in net earnings and strong sales growth across both food and drug retail sectors. The company’s strategic focus on value, quality, and service led to increased store traffic and market share gains, coupled with a 16.1% surge in e-commerce sales. Additionally, the company continued to provide competitive prices with internal food inflation remaining below the national average, further solidifying their market position.
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