Loblaw Companies Limited

L

CA5394811015

Food Retail & Distribution

Market Closed - Toronto S.E. Other stock markets 04:15:38 2024-04-17 pm EDT			5-day change	1st Jan Change
149 ^CAD	+0.50%		+0.14%	+16.16%

Apr. 16	Well Health Moving To Expand its Canadian Clinic Network with Acquisition of 10 Clinic from Shoppers Drug Mart	MT
Apr. 16	Well Health Brief: Moving To Expand its Canadian Clinic Network with Acquisition from Shoppers Drug Mart Inc. of Medical Clinics	MT

Loblaw misses revenue estimates as inflation-hit consumers cut spending

July 27, 2022 at 06:35 am EDT

(Reuters) - Canadian retail group Loblaw Cos Ltd reported quarterly revenue below estimates on Wednesday as consumers rein in discretionary spending amid high inflation.

Total second-quarter revenue rose to C$12.85 billion ($9.99 billion) from C$12.49 billion a year earlier. Analysts on average were expecting revenue of C$12.98 billion, according to IBES data from Refinitiv.

($1 = 1.2863 Canadian dollars)

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Vinay Dwivedi)

Latest news about Loblaw Companies Limited

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
National Bank Previews Loblaw's Q1 -- Maintains Outperform, Raises Target to $156	Apr. 15	MT
Milan in slight red; Azimut and Poste in spurt	Apr. 04	AN
Milan slows down despite good PMI data	Apr. 04	AN
Futures down; China services sector accelerates	Apr. 03	AN
George Weston and Loblaw Both Enter into Automatic Share Purchase Plans	Mar. 22	MT
George Weston Brief: Entering into Automatic Share Purchase Plan	Mar. 22	MT
Loblaw Brief: Entering into Automatic Share Purchase Plan	Mar. 22	MT
DBRS Rates Loblaw's New Debt Issuance	Mar. 04	MT
Loblaw Brief: Says Completed Issuance of $400 Million In Senior Unsecured Notes	Mar. 04	MT
Loblaw Companies Limited Completes Issuance of $400 Million of Senior Unsecured Notes	Mar. 04	CI
Loblaw Companies Limited announced that it has received CAD 400 million in funding	Mar. 03	CI
Loblaw Reports $400 Million Private Placement	Feb. 29	MT
Loblaw Companies Limited Agrees to Issue, on Private Placement Basis, $400 Million Aggregate Principal Amount of Senior Unsecured Notes	Feb. 28	CI
George Weston Brief: Q4 Adjusted diluted net earnings per common share from continuing operations were $2.51, a decrease of $0.08 per common share, or 3.1%	Feb. 28	MT
George Weston Brief: Says Full-year revenue tops $60 billion milestone and corporate free cash flow increases to $1.3 billion	Feb. 28	MT
George Weston Brief: Q4 Revenue was $14,700 million, an increase of $558 million, or 3.9%	Feb. 28	MT
George Weston Brief: Q4 Adjusted Net Earnings Available to Common Shareholders of the Company From Continuing Ops were $342 million, a decrease of $27 million, or 7.3%	Feb. 28	MT
Loblaw Companies Limited announced that it expects to receive CAD 400 million in funding	Feb. 27	CI
Canada Lawmakers Press Finance Minister to Introduce Surtaxes on Grocers, Energy Companies	Feb. 27	DJ
National Bank Raises Loblaw Target to $153, Also Raises Estimates	Feb. 23	MT
Toronto Stocks Climb, Loblaw Shares Rise on 4Q Profit, Revenue Growth	Feb. 22	DJ
Tranche Update on Loblaw Companies Limited (TSX:L)'s Equity Buyback Plan announced on May 3, 2023.	Feb. 22	CI
Transcript : Loblaw Companies Limited, Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22

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

2024-05-01 - Q1 2024 Earnings Release

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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

149 CAD

Average target price

152.9 CAD

Spread / Average Target

+2.61%

Consensus

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Quarterly earnings - Rate of surprise

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Other Food Retail & Distribution

Loblaw Companies Limited

Equities

L

CA5394811015

Food Retail & Distribution

Loblaw misses revenue estimates as inflation-hit consumers cut spending

EPS Revisions