Loblaw expects profit growth to outpace sales in 2023
February 24, 2023
Loblaw expects its profits to grow more quickly this year than sales as Canadian consumers continue to deal with rising costs. The company, which owns its namesake grocery business and Shoppers Drug Mart, reported a gross margin of 30.6 percent in the latest quarter, down from 30.9 percent a year ago and up from 29.78 in January 2020.
Recent News
Tech Experts Claim Multimodal AI Is the Next Big Thing
In the ever-evolving landscape of technology, there’s a new contender stealing the spotlight: multimodal AI.
McDonald’s May Be Ending Its Free Drink Refills
The days of patrons refilling their own cups will be over by 2032.
Trump Embraces Cryptocurrency to Mixed Responses
Former President Donald Trump’s recent embrace of the cryptocurrency market has stirred both excitement and skepticism within the industry.
Bumble Is Sorry for Ads That Mock Celibacy
The dating app is in hot water for its newest ad campaign.