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    L   CA5394811015

LOBLAW COMPANIES LIMITED

(L)
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Loblaw Companies reports Q3 profit and revenue up from year ago, beats expectations

11/17/2021 | 08:08am EST

BRAMPTON, Ont.Loblaw Companies Ltd. beat expectations as it reported its third-quarter profit rose compared with a year ago, helped by strong demand in stores and online.

Canada's largest grocery and pharmacy chain says it earned a profit attributable to common shareholders of $431 million or $1.27 per diluted share for the 16-week period that ended Oct. 9.

The result compared with a profit of $342 million or 96 cents per diluted share in the same period last year.

Revenue in the quarter totalled $16.05 billion, up from $15.67 billion a year earlier.

On an adjusted basis, Loblaw says it earned $1.59 per diluted share for the quarter, up from an adjusted profit of $1.28 per diluted share a year ago.

Analysts on average had expected an adjusted profit of $1.48 per share and $15.89 billion in revenue, according to financial markets data firm Refinitiv.

This report by The Canadian Press was first published Nov. 17, 2021.

Companies in this story: (TSX:L)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2021 53 105 M 42 171 M 42 171 M
Net income 2021 1 341 M 1 065 M 1 065 M
Net Debt 2021 - - -
P/E ratio 2021 23,7x
Yield 2021 1,50%
Capitalization 30 811 M 24 593 M 24 467 M
Capi. / Sales 2021 0,58x
EV / Sales 2022 0,57x
Nbr of Employees 220 000
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 92,46 CAD
Average target price 104,08 CAD
Spread / Average Target 12,6%
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Managers and Directors
Galen G. Weston Executive Chairman, President & CEO
Richard Dufresne Chief Financial Officer
David Markwell Executive VP, Chief Technology & Analytics Officer
Robert Sawyer Chief Operating Officer
Robert Wiebe Chief Administrative Officer
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