Canadian retailer Loblaw beats quarterly profit estimates

George Weston

22/02/2024 11:35

Feb 22 (Reuters) - Canadian retailer Loblaw Companies
 L.TO  topped Wall Street expectations for fourth-quarter profit
on Thursday, bolstered by consistent demand for essentials such
as groceries as well as easing input costs.
    Adjusted earnings per share came in at C$2.00 ($1.49) in the
quarter, compared with analysts' average estimate of C$1.90,
according to LSEG data. 


($1 = 1.3456 Canadian dollars)

 (Reporting by Annett Mary Manoj in Bengaluru; Editing by Tasim
Zahid)
 ((AnnettMary.Manoj@thomsonreuters.com))