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Loblaw adjusted earnings beat estimate, rise 23% to $371 million

2014-11-12 14:49:06| Grocery - Topix.net

Loblaw Companies Ltd. had lower net income in the third quarter but higher adjusted earnings and revenue in the company's first financial report since completing its acquisition of Shoppers Drug Mart - a deal that combined Canada's largest grocery company with the country's largest pharmacy retailer. "In the third quarter we continued to advance our strategic initiatives and improve our market position," said Galen G. Weston, Loblaw's president and executive chairman.

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