Bank announced Loblaw’s Q1 earnings, which showed the company’s profit more than doubled from the previous year. He said the company had done well despite the challenges of inflation and supply chain disruptions.
Mr. Bank said Loblaw continues to invest in price reductions for customers, with prices on many products lower today than they were a year ago.
“We’re committed to delivering great value to our customers while also supporting our suppliers and the communities we serve,” he said.
“We’re pleased to be moving forward with the grocery code of conduct and look forward to working collaboratively with our industry partners to ensure a fair and competitive marketplace for all.”
