Loblaw Cos Q1 Adj. EPS $0.52, Inline, Sales $14.724B Beat $14.573B Estimate

Loblaw Cos (TSX: L) reported quarterly earnings of $0.52 per share which met the analyst consensus estimate. This is a 10.64 percent increase over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $14.724 billion which beat the analyst consensus estimate of $14.573 billion by 1.04 percent. This is a 4.17 percent increase over sales of $14.135 billion the same period last year.