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    L   CA5394811015

LOBLAW COMPANIES LIMITED

(L)
  Report
Delayed Toronto Stock Exchange  -  11:03 2022-08-19 am EDT
123.26 CAD   +0.21%
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Loblaw Companies Limited Announces the Timing of the Second Quarter 2022 Earnings Release

06/29/2022 | 07:01am EDT

BRAMPTON, ON, June 29, 2022 /CNW/ - Loblaw Companies Limited (TSX: L) announced today that it will release its second quarter 2022 results on July 27, 2022, at approximately 6:30 a.m. (EDT). The release will be followed by a conference call at 10:00 a.m. (EDT), as well as an audio webcast.

To access Loblaw's first quarter conference call, please dial (416) 764-8688 or (888) 390-0546. The playback will be made available approximately two hours after the event at (416) 764-8677 or (888) 390-0541, access code: 854261#. To access via audio webcast please go to the "Investor" section of loblaw.ca. Pre-registration will be available.

About Loblaw Companies Limited

Loblaw is Canada's food and pharmacy leader, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,400 corporate, franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 190,000 full- and part-time employees, making it one of Canada's largest private sector employers.

Loblaw's purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company's stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,050 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at nearly 1,400 Shoppers Drug Mart® and Pharmaprix® locations and close to 500 Loblaw locations; PC Financial® services; affordable Joe Fresh® fashion and family apparel; and four of Canada's top-consumer brands in Life Brand®, Farmer's MarketTM, no name® and President's Choice®. 

For more information, visit Loblaw's website at www.loblaw.ca and Loblaw's issuer profile at www.sedar.com.

SOURCE Loblaw Companies Limited

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2022 55 010 M 42 580 M 42 580 M
Net income 2022 1 825 M 1 413 M 1 413 M
Net Debt 2022 11 756 M 9 100 M 9 100 M
P/E ratio 2022 22,5x
Yield 2022 1,27%
Capitalization 40 293 M 31 189 M 31 189 M
EV / Sales 2022 0,95x
EV / Sales 2023 0,92x
Nbr of Employees 220 000
Free-Float 45,0%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 123,00 CAD
Average target price 126,00 CAD
Spread / Average Target 2,44%
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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