Loblaws had sales of $10.54 billion and profits of $185 million in its second quarter which ended June 20.
Last year it lost $456 million in the same quarter.
"Looking ahead, the grocery industry remains highly competitive and health-care reform continues to put pressure on our pharmacy business," company president and executive chairman Galen G. Weston said.
Last year the company bought Shopper's Drug Mart for $12.4 billion.
It also announced it's closing 52 stores over the next 12 months.
It also announced it's closing 52 stores over the next 12 months.
