Loblaw says Q2 net earnings fell by $51M due to charges from class-action settlements

Canadian retailer Loblaw Cos. Ltd. missed analysts' expectations for second-quarter revenue on Thursday, hurt by soft demand for some household items and non-essential products such as apparel.

Loblaw says Q2 net earnings fell by $51M due to charges from class-action settlements
A loblaws  store pictured from the parking lot in the evening

Canadian retailer Loblaw Cos. Ltd. missed analysts' expectations for second-quarter revenue on Thursday, hurt by soft demand for some household items and non-essential products such as apparel.