Loblaw Companies Limited (TSX: L)
Canada
· Delayed Price · Currency is CAD | Market Cap | 48.31B |
| Revenue (ttm) | 60.12B |
| Net Income (ttm) | 2.13B |
| Shares Out | 306.74M |
| EPS (ttm) | 6.72 |
| PE Ratio | 23.54 |
| Forward PE | 17.27 |
| Dividend | 1.85 (1.18%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 176,944 |
| Open | 157.12 |
| Previous Close | 157.07 |
| Day's Range | 156.03 - 157.91 |
| 52-Week Range | 110.52 - 157.93 |
| Beta | 0.12 |
| Analysts | n/a |
| Price Target | 164.78 (+4.64%) |
| Earnings Date | Jul 24, 2024 |
About Loblaw Companies
Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores. This segment also includes in-store pharmacies, health care services, other health and beauty product stores, apparel stores, and other general mer... [Read more]
Financial Performance
In 2023, L's revenue was 59.53 billion, an increase of 5.35% compared to the previous year's 56.50 billion. Earnings were 2.09 billion, an increase of 9.38%.
Financial StatementsNews
Shoppers Drug Mart faces backlash for 'volunteer' job posting. Loblaw says it was an error
A Shoppers Drug Mart pharmacy in downtown Toronto is facing backlash over a now-deleted job posting for a “volunteer” position in the store. The job posting on LinkedIn listed duties including assisti...
Loblaw agrees to sign grocery code of conduct — but only if competitors do, too
Loblaw Companies Ltd. says it's ready to sign on to the grocery code of conduct as long as other industry players do, too, paving the way for an agreement that's been years in the making.
Customers are fed up with anti-theft measures at stores. Retailers say organized crime is to blame
Some retailers are beefing up anti-theft measures, such as locking the wheels on shopping carts, that have raised the ire of shoppers. Loblaw and an industry group says retailers are fighting a rise i...
Loblaw boycott hits the halfway mark: Here are 5 things to know
Canadian grocery giant's investors appear largely unfazed as stock hits new high
Are you boycotting Loblaw? We asked people across Canada
CBC News spoke to people in Alberta, B.C., Ontario and New Brunswick about the Loblaw boycott and why they’re participating — or not. Here’s what they had to say.
Indie London grocers hope Loblaw boycott nets them new business
As a nationwide boycott of Loblaw-owned businesses enters its second week, locally-owned grocers hope the campaign will translate to a boost in their own bottom lines as people seek alternatives.
NDP leader slams Liberals for giving nearly $26M to Costco, Loblaw for energy-efficient appliances
NDP Leader Jagmeet Singh is slamming the federal Liberals for giving nearly $26 million to Costco and Loblaw for energy-efficient appliances.
How Loblaw inspires anger, boycott
The Loblaw boycott is underway. How did the company become the primary target of grocery anger?
This man is not your boyfriend; Loblaw boasts big profits: CBC's Marketplace cheat sheet
CBC's Marketplace rounds up the consumer and health news you need from the week.
Why these Londoners are joining the Loblaw boycott
Some Londoners are joining in the efforts to pass on the corporate grocers and divert money to smaller, local grocery stores.
Is the Loblaw boycott privileged? Here's why some people aren't shopping around
Location. Costs. Time and convenience. There are many reasons people aren't participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer.
Loblaw CFO Pushes Back on Boycott’s Unfair Food-Pricing Claims
A senior executive at Loblaw Cos. pushed back against criticism of the supermarket chain’s prices, arguing that the presence of global giants such as Walmart Inc. helps ensure a competitive market in ...
Surging Loblaw boycott shows customer anger with grocery giant, says Mount Pearl organizer
Organizers of a Loblaw boycott that began Wednesday vow the effort will continue until the grocer accepts a list of its demands, including agreeing to a grocers' code of conduct and reducing food pric...
Some Islanders are boycotting Loblaw — but it won't be easy
Some Prince Edward Islanders are planning to spend their money at smaller grocery stores this month, due to the rising cost of food at large grocery chains.
Loblaw Companies Limited (LBLCF) Q1 2024 Earnings Call Transcript
Loblaw Companies Limited (OTCPK:LBLCF) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ETCompany ParticipantsRoy MacDonald - VP, IRPer Bank -...
Loblaw CEO ‘cautiously optimistic’ about grocery code of conduct
BRAMPTON, Ont. — Loblaw Cos. Ltd.’s new chief executive said he’s “cautiously optimistic” that the company will be able to come to an agreement on the grocery code of conduct. The grocer has been one ...
Loblaw reports $13.58B in Q1 revenue, as Reddit group's boycott kicks off
Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would...
Loblaw hikes dividend as profit rises almost 10%
Retail giant says customer traffic increases as prices rise less than inflation
Loblaw Companies Non-GAAP EPS of C$1.72, revenue of C$13.58B; reaffirms FY24 outlook
Loblaw Companies press release (LBLCF): Q1 Non-GAAP EPS of C$1.72. Revenue of C$13.58B (+4.5% Y/Y). Adjusted EBITDA was C$1,544 million, an increase of C$96 million, or 6.6%. Net capital
Loblaw reports strong first quarter on resilient demand, easing food prices
Canadian food and pharmacy retailer Loblaw Companies topped expectations for first-quarter revenue and profit on Wednesday, aided by sustained consumer demand well as easing prices of grocery items.
‘Shot themselves in the foot:’ How Loblaw became target for grocery anger over food inflation
Watch York University's Grant Packard on why consumers are planning to boycott Loblaw brands in May
‘Don’t want to struggle anymore’: Grocery shoppers plan Loblaw boycott in May
Push springs out of Reddit group targeting food giants
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market
Industry Minister François-Philippe Champagne has criticized Canada’s three biggest grocery companies—Loblaw, Metro and Empire—for failing to be transparent on the causes of food inflation.
Proposed class action against Shoppers Drug Mart alleges 'unsafe and unethical corporate practices'
A former Shoppers Drug Mart franchise owner has filed a proposed class action lawsuit against the Canadian retail pharmacy chain, and its parent company Loblaw, alleging the companies imposed “unsafe ...
Despite backlash, some Loblaw stores still discount perishable food by 30% — not 50%
Loblaw announcing in January it would bring back 50 per cent discounts on perishable food, but some Real Canadian Superstore customers still feel shortchanged. That’s because the Loblaw-owned chain wi...