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Loblaw Posts 4 Per Cent Food Sales Hike In First Quarter

Canadian grocery store giant Loblaw Companies Limited reported a 37 point 8 per cent increase in consolidated sales in the first quarter of 2015.

The companys ays it's retail segment sales were up 38 point 5 per cent.

That includes sales figures from Shoppers Drug Mart.

The deal acquiring Shoppers completed in the second quarter of last year.

Loblaw says it's food retail same-store sales posted a 4 per cent growth over the first quarter of 2014.

That excludes its gas bar growth of 1 point 2 per cent and a 0.8 per cent negative impact from a change in distribution model made by a tobacco supplier.

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