Loblaw Companies Ltd T.L

Alternate Symbol(s): LBLCF | T.L.PR.B | LBLPF

Loblaw Companies Limited is a Canada-based food and pharmacy retailer. The Company provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services. The Company’s segments include Retail and Financial Services. The Retail segment consists primarily of corporates and franchise-owned retail food and Associate-owned drug stores, which includes in-store pharmacies, health care services and other health and beauty products, apparel and other general merchandise. The Financial Services segment provides credit card and everyday banking services, the PC Optimum Program, insurance brokerage services, and telecommunication services. Its brands include Joe Fresh, no name, President's Choice and others.

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Loblaw Companies Ltd

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Post by g2gon Jul 25, 2008 8:41am

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Post# 15328607

NR- Loblaw profit rises 18 per cent

Loblaw profit rises 18 per cent

VIRGINIA GALT

Friday, July 25, 2008

Canada's largest grocer Loblaw Cos. Ltd. reported Friday thatsecond-quarter profit rose 17.6 per cent to $140-million, or 51 cents ashare, from $119-million, or 43 cents a share a year earlier.

Sales in the second quarter climbed to $7.04-billion from $6.93-billona year earlier. Same-store sales grew 0.7 per cent over thecorresponding period a year earlier.

The company said gasoline bar sales were strong as a result of fuel-price inflation and volume growth.

“Total sales growth in food was positive and drugstore sales wereparticularly strong, while general merchandise sales declined comparedto the second quarter of 2007,” the company said in a statement.

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