Loblaw Companies Limited

L

CA5394811015

Food Retail & Distribution

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-03 pm EDT			5-day change	1st Jan Change
153.9 ^CAD	-0.44%		+1.02%	+20.00%

May. 03	Loblaw Price Target Raised to $172 at TD	MT
May. 03	Loblaw Brief: Releasing 2023 ESG Report	MT

Loblaw Companies Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 18, 2022

July 27, 2022 at 06:56 am EDT

Loblaw Companies Limited reported earnings results for the second quarter and six months ended June 18, 2022. For the second quarter, the company reported sales was CAD 12,847 million compared to CAD 12,491 million a year ago. Net income was CAD 390 million compared to CAD 378 million a year ago. Basic earnings per share from continuing operations was CAD 1.17 compared to CAD 1.1 a year ago. Diluted earnings per share from continuing operations was CAD 1.16 compared to CAD 1.09 a year ago.
For the six months, sales was CAD 25,109 million compared to CAD 24,363 million a year ago. Net income was CAD 830 million compared to CAD 694 million a year ago. Basic earnings per share from continuing operations was CAD 2.48 compared to CAD 2.01 a year ago. Diluted earnings per share from continuing operations was CAD 2.46 compared to CAD 1.99 a year ago.

Latest news about Loblaw Companies Limited

Loblaw Price Target Raised to $172 at TD	May. 03	MT
Loblaw Brief: Releasing 2023 ESG Report	May. 03	MT
National Bank Raises Loblaw Target to $159, Reiterates Outperform, After Q1	May. 02	MT
Transcript : Loblaw Companies Limited - Shareholder/Analyst Call	May. 02
Loblaw Price Target Raised to $171 at CIBC	May. 02	MT
Loblaw Gets Green Light from Toronto Stock Exchange for Normal Course Issuer Bid	May. 02	MT
Transcript : Loblaw Companies Limited, Q1 2024 Earnings Call, May 01, 2024	May. 01
Loblaw Posts Higher Q1 Adjusted Profit and Revenue, Boosts Dividend	May. 01	MT
Loblaw 1Q Profit Rises as Food Retail Leads Sales Growth	May. 01	DJ
Loblaw reports strong first quarter on resilient demand, easing food prices	May. 01	RE
Loblaw Brief: In Outlook, For Full-year 2024, Company Continues With Expectations	May. 01	MT
Loblaw Brief: Cites 13th Consecutive annual increase to Qquarterly common share dividend from $0.446 per common share to $0.513 per common share, an increase of 15.0%	May. 01	MT
Loblaw Brief: Q1 Revenue was $13,581 Million, an increase of $586 million, or 4.5%	May. 01	MT
Loblaw Brief: Q1 EPS Normalized C$1.72 Vs Forecast $1.70 and Last Year $1.55	May. 01	MT
Loblaw Companies Limited Declares Quarterly Dividend on Common Shares, Payable on July 1, 2024	May. 01	CI
North American Morning Briefing : Traders Wait for Rate Decision, Powell; AMD Tumbles	May. 01	DJ
Loblaw Price Target Raised to $157 at Desjardins	Apr. 29	MT
Documents Reveal Canada Federal Govt's Efforts to Get Loblaw, Walmart On Board With Grocery Code	Apr. 26	MT
Choice Properties Real Estate Investment Trust (TSX:CHP.UN) completed the acquisition of Toronto, ON retail property from Loblaw Companies Limited (TSX:L) for CAD 38.4 million.	Apr. 23	CI
RBC Raises Price Target on Top Pick Loblaw	Apr. 23	MT
RBC Anticipates Soft Consumer Spending in H1, Favours Dollarama, Loblaw	Apr. 19	MT
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market -- 2nd Update	Apr. 18	DJ
Canada Targets 12 Foreign Grocers to Lure to Food-Retailing Market -- Update	Apr. 18	DJ
Well Health Moving To Expand its Canadian Clinic Network with Acquisition of 10 Clinic from Shoppers Drug Mart	Apr. 16	MT
Well Health Brief: Moving To Expand its Canadian Clinic Network with Acquisition from Shoppers Drug Mart Inc. of Medical Clinics	Apr. 16	MT

Chart Loblaw Companies Limited

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Company Profile

Loblaw Companies Limited is a Canada-based food and pharmacy retailer. The Company provides grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. The Companyâs segments include Retail and Financial Services. The Retail segment consists primarily of corporates and franchise-owned retail food and Associate-owned drug stores, which includes in-store pharmacies, health care services and other health and beauty products, apparel and other general merchandise. The Financial Services segment provides credit card and everyday banking services, the PC Optimum Program, insurance brokerage services, and telecommunication services. It has more than 2,400 corporate, franchised and Associate-owned and rewarding. It provides the PC Money, which is an everyday banking product that allows account holders to earn PC Optimum points by making payments. Its brands include Joe Fresh, no name, President's Choice and others.

Sector

Food Retail & Distribution

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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Ratings for Loblaw Companies Limited

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

153.9 CAD

Average target price

160.5 CAD

Spread / Average Target

+4.30%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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