Loblaw misses revenue estimate | The Western Producer

The mostly glass entry of a

REUTERS — Canadian retailer Loblaw says it has missed analysts’ estimates for fourth-quarter revenue, signalling consumers are turning cautious and more discerning in their spending pattern as tariff uncertainty hovers.

Still-high inflation and rising cost of living have led Canadian consumers to try and tighten household budgets and save money, impacting their discretionary spending.

Quarterly same-store sales at Loblaw’s food retail segment increased by 1.5 per cent.

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However, sales in Canada in December saw a brief bump up due to the holiday season as consumers increased their spending on food and beverages.