date:Nov 14, 2013
Loblaw Chief Financial Officer Sarah Davis. The actual intensity we experienced in Q3 was greater than projected and caused actual performance to be below our expectations.
The grocer, which also owns the Joe Fresh clothing brand, expects flat 2013 operating income. In July, it forecast income would grow in the mid-single digits percentage-wise.
It also said it was expecting marginal growth at established stores in the fourth quarter. In 2014, the company was forecasting the first half of the