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• On the heels of a major restructuring program aimed at revitalizing the company and improving its profitability, Loblaw Cos. reported quarterly sales that were the equivalent of $5.8 billion (US), up 3.3 percent compared to the same period a year ago – but net earnings of $48.8 million (US), down 61.4 percent from a year ago. Same-store sales were up four percent.

• Weis Markets reported that its first quarter sales increased 4.4 percent to $571.8 million, compared to the same period a year ago. Same-store sales were up 4.4 percent.

Q1 net income declined 10.3 percent to $13.4 million.

• Procter & Gamble’s fiscal third-quarter earnings rose to $2.51 billion, up 14 percent from $2.21 billion during the same period a year earlier. Sales for the quarter rose eight percent to $18.69 billion from $17.25 billion a year earlier.
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