Loblaw Companies (TSE:L) has released an update.
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Loblaw Companies Limited kicks off 2024 with robust financial performance, reporting a 4.5% revenue increase to $13.58 billion in the first quarter. The company saw significant growth in both its Food and Drug Retail sectors, with e-commerce sales surging by 16.1%. This success is attributed to their market-leading discount offers and private label brands, which led to heightened store traffic and market share gains.
For further insights into TSE:L stock, check out TipRanks’ Stock Analysis page.
