Loblaws beats earnings expectation on consumers willingness to pay higher food, drug and financial services prices.
Loblaws beat earnings exp again on revenue and gross profits. Due to higher costs of essential items. It did miss on margins. However still over 30% margins (31.48%).
Costco margins is only ~11%.
Why do people continue to shop at Loblaws instead of Costco? Is must convenience?
submitted by /u/POCTM
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