• Loblaw reports that its fourth quarter profit was the equivalent of $149.2 million (US), up from $31.7 million (US) during the same period a year ago. Q4 revenue was up 11.2 percent to $6.2 billion (US), with same-store sales up 10.6 percent.
The company said that it likely would not be able to repeat the profit increase in 2009 because of investments it has to make in upgrading an “archaic” computer system.
• CVS Caremark reports that its fourth quarter earnings rose to $949.3 million, from $811.2 million during the same period a year earlier. Q4 sales rose 10 percent to $24.1 billion at CVS, on same-store sales that were up 3.6 percent.
• Chiquita Brands international said that its fourth quarter revenue was down less than one percent to $839.3 million, from $840.4 million. The company’s Q4 loss was $411.9 million, compared with a loss of $26 million a year earlier.
The company said that it likely would not be able to repeat the profit increase in 2009 because of investments it has to make in upgrading an “archaic” computer system.
• CVS Caremark reports that its fourth quarter earnings rose to $949.3 million, from $811.2 million during the same period a year earlier. Q4 sales rose 10 percent to $24.1 billion at CVS, on same-store sales that were up 3.6 percent.
• Chiquita Brands international said that its fourth quarter revenue was down less than one percent to $839.3 million, from $840.4 million. The company’s Q4 loss was $411.9 million, compared with a loss of $26 million a year earlier.
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