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Canada’s Loblaw beats estimates for quarterly revenue -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A woman looks through the fruits section at a Loblaw store in Collingwood (Ontario, Canada), July 28, 2017. REUTERS/Chris Helgren

(Reuters] – Canadian retailer Loblaw Cos Ltd beats market estimates on Thursday for quarter revenue as the demand for grocery and essential products remained strong.

According to IBES data from Refinitiv, total revenue dropped to C$12.76billion ($9.94billion) for the quarter that ended January 1, but was higher than analysts’ estimate of C$12.64billion.

($1 = 1.2843 Canadian dollars)

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