Company Earnings Update 3 minutesRegister for Free AccessLoblaw (TSX: L) 2Q19 Results: Food Growth Softens Coresight Research July 25, 2019 Executive Summary In 2Q19, ended June 15, Loblaw reported a meaningful weakening of comparable sales growth in its food segment. Food retail comp growth of 0.6% compared to 2.0% in the prior quarter and was well below company-measured food-price inflation of 3.6%. Drug retail comp growth strengthened to 4.0% in 2Q19, from 2.2% in the prior quarter. Management maintained FY19 guidance for positive same-store sales and a stable gross margin in the retail segment. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US Store Tracker Extra, January 2024: CVS Drives Closures, Shuttering 4+ Million Square Feet of Retail SpaceWalmart To Expand Its Health Footprint, Plans To Nearly Double Its Healthcare Centers by 2025Weekly US and UK Store Openings and Closures Tracker 2023, Week 32: UK Closures Up 96%Day One at NRF 2024: Retail’s Big Show—Building Community and Leveraging Technology Drives Retail Success
