
Loblaw Companies reported mixed results for its third-quarter earnings, with profits rising compared to the previous year but missing revenue estimates due to weak demand for household items. The company noted that its sales and profit growth were driven by strength in its discount segment, although overall demand for groceries and convenience items was slower than anticipated. In contrast, RioCan reported a year-over-year earnings increase to $96.9 million for the same quarter, while Maple Leaf Foods announced a third-quarter profit of $17.7 million, with sales rising by 1.8%. These results reflect varying performance trends within the Canadian retail and food sectors during the quarter.
Canada's Loblaw misses quarterly revenue estimates on weak demand for household items https://t.co/Sq2bjPAMBp https://t.co/6v1nP91U3G
Loblaw Companies reports Q3 profit up from year ago, revenue also higher https://t.co/UN4z3wwOhq
#Breaking: Loblaw earnings hit by slower demand for groceries, convenience items https://t.co/t0cFx59jQi