At a time when cauliflower prices spiked to $8 just before Christmas, Loblaw Cos Ltd. “began to notice consumer resistance” to soaring food prices in the fourth quarter, president Galen Weston told analysts on a first-quarter conference call Wednesday.
Could the fourth-quarter results from Empire Company Limited (TSX:EMP.A) be the straw that broke the camel's back? Investors pummeled the holding company's stock after Sobeys announced goodwill impairments of $1.3 billion at its Western Canada ...
Loblaw Companies Limited (TSX:L), Canada's food and pharmacy leader, announced strong first-quarter earnings results and a dividend hike on the morning of May 4, but its stock has responded by making a slight move lower.
THE CANADIAN PRESS/Ryan RemiorzSame-store sales growth for the company's food business was 3.1 per cent, excluding its gas bar and the negative impact of a change in distribution model by a tobacco supplier.