Canadian grocery giant saw its Q1 earnings jump 12%
Loblaw Companies Ltd. (TSE:L) reported first-quarter revenue that rose 3.3% to $10.4 billion, while its adjusted net earnings surged 12%, aided by increased cost savings.
The results were in line with analyst estimates compiled by Thomson Reuters.
The Canadian grocery store giant also said it will raise its quarterly dividend by 4% to $0.26 per share.
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