OTTAWA (dpa-AFX) - While reporting its financial results for the fourth quarter on Thursday, Loblaw Cos. Ltd. (L.TO) said that on a comparative basis, it expects to deliver positive adjusted net earnings growth, positive same-store sales and stable gross margin in the Retail segment for fiscal 2020.
In 2020, the company's results will include the impact of a 53rd week, which is expected to benefit adjusted net earnings per common share by approximately $0.08. However, the outlook provided by the company excludes the impact of the 53rd week.
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