BRIEF-Loblaw expects regulatory headwinds from both healthcare reform and increases in minimum wage By Reuters

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BRIEF-Loblaw expects regulatory headwinds from both healthcare reform and increases in minimum wage

Published Jul 26, 2017 10:36

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BRIEF-Loblaw expects regulatory headwinds from both healthcare reform and increases in minimum wage

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July 26 (Reuters) - Loblaw Companies Ltd L.TO

* Loblaw - CEO, re: further reduction in generic drug pricing by Québec Government, "will put increased pressure on our pharmacy business model" - conf call

* Loblaw - in 2018, expect significant regulatory headwinds from both accelerating healthcare reform and increases in minimum wage - CEO on conf call

* Loblaw - "we need to increase our focus on cost reductions and accelerate our plans to realize efficiencies" - president on conf call

* Loblaw - in 2018, estimate impact on labor expenses from increases in minimum wage rates to be about $190 million - president on conf call Further company coverage: L.TO

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BRIEF-Loblaw expects regulatory headwinds from both healthcare reform and increases in minimum wage

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