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    L   CA5394811015

LOBLAW COMPANIES LIMITED

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Delayed Toronto Stock Exchange  -  11:10 2022-07-05 am EDT
115.55 CAD   -0.97%
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06/29Loblaw Companies Limited Announces the Timing of the Second Quarter 2022 Earnings Release
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Canada's Loblaw beats estimates for quarterly revenue

02/24/2022 | 07:02am EDT
A woman browses in the fruit section of a Loblaw supermarket in Collingwood

(Reuters) - Canadian retailer Loblaw Cos Ltd beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong.

The pandemic-led trend of cooking at home has sustained even as COVID curbs have eased, continuing to help sales at grocery stores that benefited during last year's lockdowns.

Companies like Loblaw have also benefited from demand for drugs as well as household items and clothing as life returns to normal in many parts of Canada.

Total revenue fell to C$12.76 billion ($9.94 billion) in the fourth quarter ended Jan. 1 from C$13.29 billion a year earlier. Analysts had expected C$12.64 billion, according to IBES data from Refinitiv.

Net earnings available to common shareholders rose to C$744 million, or C$2.20 per share, in the reported quarter, from C$345 million, or 98 Canadian cents per share, a year earlier.

($1 = 1.2843 Canadian dollars)

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) 0.05% 0.88376 Delayed Quote.-4.19%
BRITISH POUND / CANADIAN DOLLAR (GBP/CAD) -0.22% 1.55369 Delayed Quote.-8.78%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) -1.46% 104.122 Delayed Quote.15.01%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) -0.58% 0.74302 Delayed Quote.3.07%
LOBLAW COMPANIES LIMITED -0.97% 115.55 Delayed Quote.12.58%
NEW ZEALAND DOLLAR / CANADIAN DOLLAR (NZD/CAD) 0.28% 0.80111 Delayed Quote.-7.44%
All news about LOBLAW COMPANIES LIMITED
07/04Joe Fresh and Sasha Exeter Launch New Limited-Edition Summer Sport Capsule Collection
AQ
06/29Loblaw Companies Limited Announces the Timing of the Second Quarter 2022 Earnings Relea..
AQ
06/24Lethbridge Superstore offers Alberta's first walk-in health clinic led by pharmacists
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06/24DBRS Confirms Loblaw Ratings with Stable Trends
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06/24Loblaw Up Near 2% as Says Pharmacist Walk-in Clinic To Open In Alberta
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06/24Loblaw's Pharmacist Walk-in Clinic To Open In Alberta
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06/24LOBLAW : Pharmacist-Led Health Clinic to Open in Lethbridge, Alberta
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06/22DoorDash and Loblaw Announce PC Express Rapid Delivery
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06/22Loblaw and DoorDash partner on rapid grocery delivery service
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06/22DoorDash, Inc. and Loblaw Companies Limited Announces PC Express Rapid Delivery, New an..
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Financials
Sales 2022 54 884 M 42 591 M 42 591 M
Net income 2022 1 825 M 1 416 M 1 416 M
Net Debt 2022 10 471 M 8 126 M 8 126 M
P/E ratio 2022 21,3x
Yield 2022 1,32%
Capitalization 38 286 M 29 711 M 29 711 M
EV / Sales 2022 0,89x
EV / Sales 2023 0,86x
Nbr of Employees 220 000
Free-Float 45,1%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 116,68 CAD
Average target price 119,82 CAD
Spread / Average Target 2,69%
EPS Revisions
Managers and Directors
Galen G. Weston Executive Chairman, President & CEO
Richard Dufresne Chief Financial Officer
David Markwell Chief Technology & Analytics Officer, Executive VP
Robert Sawyer Chief Operating Officer
Robert Wiebe Chief Administrative Officer
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