(Reuters) – Canadian retailer Loblaw Companies 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)
Comments