Canadian grocery chain Loblaw has reported a rise in fourth-quarter earnings of 22%, boosted by higher same-store sales and 26 new store openings.
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Loblaw, which owns the Provigo and Loblaws supermarket chains, reported earnings of C$265m (US$174m), compared with $217m in the year-ago period.
The company’s revenue rose 7.5% to $5.6bn, while same-store sales rose 5%.
