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Loblaw misses quarterly revenue estimates

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Loblaw misses quarterly revenue estimates

Jul 25, 2024 4:06 AM

July 25 (Reuters) - Canadian retailer Loblaw Companies ( LBLCF )

missed analysts' expectations for second-quarter revenue

on Thursday, hurt by weak demand for non-essential products such

as cosmetics and apparel.

The company's revenue was at C$13.95 billion ($10.08

billion) compared with analysts' expectations of C$14.17

billion, according to LSEG data.

($1 = 1.3840 Canadian dollars)

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