Canadian supermarket chain Loblaw misses quarterly sales estimates

Loblaw Companies

20/02/2025 11:42

Feb 20 (Reuters) - Canadian retailer Loblaw Companies
 L.TO  fell slightly short of Wall Street estimates for
fourth-quarter sales on Thursday, hurt by weak demand for
non-essential items such as apparel and kitchen appliances.
    The company's fourth quarter revenue rose 2.9% to C$14.948
billion ($10.52 billion), compared with analysts' average
estimate of C$14.954 billion, according to data compiled by
LSEG.
            


($1 = 1.4213 Canadian dollars)

 (Reporting by Aamir Sohail in Bengaluru; Editing by Shailesh
Kuber)
 ((Aamir.Sohail@thomsonreuters.com;))