“In the third quarter, we achieved another quarter of good performance by focusing on core retail execution and enthusiastic consumer reaction.” Geylang G. Weston, President and Chairman, Said in a press release.
The company’s net income, available to ordinary shareholders, also increased by C $ 89 million compared to the third quarter of 2020 to reach C $ 431 million. On the other hand, the diluted net income per share of common stock will be in the third quarter of 2020.
Canada-based Loblaw Companies Ltd reported revenue of $ 16,050 million in the third quarter of 2021, up 2.4%. This increase was primarily due to a $ 376 million increase in retail sales due to positive same-store sales growth and a net increase in retail area. Operating profit also increased by 20.2% compared to the third quarter of 2020.
Meanwhile, on an annual basis, the Group repurchased 3.4 million shares of common stock at a cost of C $ 300 million and 13.6 million shares of common stock at a cost of C $ 1 billion. It also invested C $ 330 million in capital investment and generated $ 455 million in free cash flow.
Fiber2Fashion News Desk (DD)
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Revenues from Canadian retailer Loblaw will increase to C $ 16.05 million in the third quarter of 2021.
Source link Revenues from Canadian retailer Loblaw will increase to C $ 16.05 million in the third quarter of 2021.
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