Canada's Loblaw misses quarterly revenue estimates

Loblaw Companies

13/11/2024 11:34

Nov 13 (Reuters) - Canadian supermarket retailer Loblaw
Companies  L.TO  missed third-quarter revenue estimates on
Wednesday, hurt by a slowdown in the demand for its
non-essential goods such as apparel, household items and
electronics.
    The company's revenue rose to C$18.54 billion ($13.28
billion) from C$18.27 billion a year earlier, compared with
analysts' average estimates of C$18.65 billion, according to
data compiled by LSEG.


    ($1 = 1.3960 Canadian dollars)
  

 (Reporting by Neil J Kanatt in Bengaluru; Editing by Shreya
Biswas)
 ((Neil.JKanatt@thomsonreuters.com;))