Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Loblaw Companies Limited
  6. News
  7. Summary
    L   CA5394811015

LOBLAW COMPANIES LIMITED

(L)
  Report
Delayed Toronto Stock Exchange  -  04:32 2022-11-30 pm EST
121.40 CAD   +0.12%
11/22Loblaw Bargaining Standoff A Sign Of Heightened Labour Tension : expert
AQ
11/22George Weston Reports Q3 Adjusted Diluted EPS of $3.12
MT
11/22George Weston Brief: Q3 Adjusted net earnings available to common shareholders of the C from continuing operations were $453 million, an increase of $88 million, or 24.1%
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

DBRS Morningstar Assigns Rating of BBB (high), Stable Trend to Loblaw Companies Limited's New Debt Issuance

09/14/2022 | 04:43am EST

DBRS Limited (DBRS Morningstar) assigned a rating of BBB (high) with a Stable trend to Loblaw Companies Limited's (Loblaw or the Company) $400 million 5.008% Senior Unsecured Notes due September 13, 2032, and to the Company's $400 million 5.336% Senior Unsecured Notes due September 13, 2052 (together, the Notes), which closed on September 13, 2022.

The ratings assigned are based on the ratings of an already-outstanding series of the above-mentioned debt instrument.

The Notes are unsecured and rank pari passu with all other unsecured and unsubordinated indebtedness of the Company. Loblaw intend to use the combined net proceeds from the Notes to fund the redemption of the Company's outstanding $800 million aggregate principal amount of 4.860% Medium Term Notes, maturing September 12, 2023, and for general corporate purposes.

Loblaw's ratings reflect the Company's strong business risk profile, including its position as Canada's largest food and drug retailer, and continue to consider the intense competition in Canadian food retail.

ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS

There were no Environmental/Social/Governance factor(s) that had a significant or relevant effect on the credit analysis.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/396929/dbrs-morningstar-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings>.

Notes:

All figures are in Canadian dollars unless otherwise noted.

The principal methodologies are the Global Methodology for Rating Companies in the Merchandising Industry (September 2, 2022; https://www.dbrsmorningstar.com/research/402334/global-methodology-for-rating-companies-in-the-merchandising-industry>) and DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers (October 21, 2021; https://www.dbrsmorningstar.com/research/386355/dbrs-morningstar-criteria-preferred-share-and-hybrid-security-criteria-for-corporate-issuers>), which can be found on dbrsmorningstar.com under Methodologies & Criteria. Other applicable methodologies include the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (May 17, 2022; https://www.dbrsmorningstar.com/research/396929/dbrs-morningstar-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings>).

The conditions that lead to the assignment of a Negative or Positive trend are generally resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com' >info@dbrsmorningstar.com.

DBRS Limited

DBRS Tower, 181 University Avenue, Suite 700

Toronto, ON M5H 3M7 Canada

Tel. +1 416 593-5577

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about LOBLAW COMPANIES LIMITED
11/22Loblaw Bargaining Standoff A Sign Of : expert
AQ
11/22George Weston Reports Q3 Adjusted Diluted EPS of $3.12
MT
11/22George Weston Brief: Q3 Adjusted net earnings available to common sh..
MT
11/22George Weston Brief: Q3 Adjusted diluted net earnings per common sha..
MT
11/18George Weston Price Target Increased at TD, RBC
MT
11/17National Bank Raises Loblaw Target to $130,Also Ups Estimates, After Q3 Beat
MT
11/16Loblaw : builds on track record of transparency with inaugural Task Force on Climate-Relat..
PU
11/16TSX dips as lower oil prices pressure energy shares
RE
11/16Loblaw, Metro warn food inflation could persist as suppliers continue to hike prices
AQ
11/16Shoppers Drug Mart parent company says cough and cold sales hit all-time high
AQ
More news
Analyst Recommendations on LOBLAW COMPANIES LIMITED
More recommendations
Financials
Sales 2022 56 009 M 41 378 M 41 378 M
Net income 2022 1 863 M 1 376 M 1 376 M
Net Debt 2022 3 402 M 2 513 M 2 513 M
P/E ratio 2022 21,8x
Yield 2022 1,30%
Capitalization 39 441 M 29 138 M 29 138 M
EV / Sales 2022 0,76x
EV / Sales 2023 0,73x
Nbr of Employees 220 000
Free-Float 44,6%
Chart LOBLAW COMPANIES LIMITED
Duration : Period :
Loblaw Companies Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LOBLAW COMPANIES LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 121,26 CAD
Average target price 130,68 CAD
Spread / Average Target 7,77%
EPS Revisions
Managers and Directors
Galen G. Weston Executive Chairman, President & CEO
Richard Dufresne Chief Financial Officer
David Markwell Chief Technology & Analytics Officer, Executive VP
Robert Sawyer Chief Operating Officer
Robert Wiebe Chief Administrative Officer
Sector and Competitors
1st jan.Capi. (M$)
LOBLAW COMPANIES LIMITED17.00%28 914
WALMART INC.5.72%415 197
SYSCO CORPORATION9.40%43 121
KROGER CO. (THE)7.89%35 325
WOOLWORTHS GROUP LIMITED-7.95%28 361
AHOLD DELHAIZE N.V.-7.28%28 293