THE CANADIAN PRESS/Ryan RemiorzLoblaw Companies Ltd. said Wednesday its net income was up 21.7 per cent from the same time last year, rising to $146 million and its adjusted net income was up 96.7 per cent to $301 million.
It's amazing what a difference one year can make. At this time in 2014, shares of Loblaw Companies Limited (TSX:L) traded in the low $40s, and newspapers were constantly writing about the “grocery wars.
TORONTO, May 8, 2015 /CNW/ - Loblaw Companies Limited (Loblaw) (TSX: L) today announced that all of the nominee directors listed in the management proxy circular dated March 27, 2015, were elected as directors of Loblaw.
Loblaw Companies Limited (TSX:L), the largest retailer of food in Canada, announced better-than-expected fourth-quarter earnings before the market opened on February 26, but its stock has responded by making a slight move to the downside.
The competition between Canada's grocers has heated up in recent years, with the grocers slashing prices to attract consumers and offering sales so frequently that they have at times hurt their own bottom lines.