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Canada s Loblaw beats revenue, profit estimates on robust grocery demand 07/28/2021 | 10:26am EDT Send by mail : Message : Required fields (Reuters) -Canadian retailer Loblaw Cos Ltd surpassed market estimates for quarterly revenue and profit on Wednesday, as consumer demand for groceries and other essentials stayed robust during the COVID-19 pandemic. Companies like Loblaw have benefited from rising demand for groceries as consumers preferred to eat at home during the health crisis. The retailer said it expects this strong demand to continue due to the pandemic s impact. Its revenue increased to C$12.49 billion ($9.94 billion) in the second quarter from C$11.96 billion a year earlier, topping analysts estimates of C$12.16 billion, according to IBES data from Refinitiv.

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