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Canadian grocery chains report rise in profits as shoppers struggle amid rising costs

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Two of Canada’s biggest grocers reported a rise in sales and profits year-over-year in their latest quarterly earnings reports on Wednesday.

According to Metro and Loblaw, sales growth in their pharmacy and cosmetics divisions helped drive profits in the last quarter.

But the increase in profits comes as Canadians are increasingly frustrated with rising costs.

Ahmar Khan breaks down the numbers.

For more info, please go to https://globalnews.ca/news/10092704/loblaw-metro-earnings-third-quarter/
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Category
U.S. & Canada
Tags
global news, Grocery profits, Grocery chain profits
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