Loblaw Earnings

• Soaring food prices are changing the way Canadians shop for groceries

  As food prices continue to go up, a new Statistics Canada report shows that consumers are changing their grocery shopping habits for lower-cost options.

  Money

  Jul 26, 2023
  
• Loblaw blames supplier costs for pricier products as it reports Q2 profit

  Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue and profit, helped by sustained demand for groceries and drugs and higher prices.

  Economy

  Jul 26, 2023
  
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• Loblaw facing ‘outsized’ cost hikes from biggest suppliers: CFO

  Loblaw executives said Wednesday that the grocer is continuing to see 'outsized' price hikes passed on from it suppliers, particularly big multinational food brands.

  Money

  May 3, 2023
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• Loblaw is ‘not taking advantage’ of food inflation to drive profits, CFO says

  Loblaw's revenues were up 10 per cent in the fourth quarter of the year as demand held strong for groceries and strong cosmetics and pharmacy sales.

  Money

  Feb 23, 2023
• Flu, COVID, RSV pushing cough and cold sales to all-time high, Loblaw says

  Loblaw reported that food retail same-stores sales rose 6.9 per cent, while drug store same-store sales added 7.7 per cent.

  Money

  Nov 16, 2022
• Loblaw ‘effectively managing’ through supply hurdles, higher costs, company says

  Galen G. Weston, Loblaw chairman and president, said the company is "effectively managing through a challenging environment of supply chain constraints and higher costs."

  Money

  Feb 24, 2022
• Loblaw Q2 profit soars as eat-at-home trends continue to drive demand

  Loblaw's second-quarter profit soared on a 4.5% increase in revenues as it marked a year since it posted heightened sales and COVID-related costs from the outset of the pandemic.

  Money

  Jul 28, 2021
• Loblaw reports 30% surge in first-quarter profit but sees sales slowing

  Loblaw reported its first-quarter profit was up 30 per cent compared with a year ago, helped by an improvement in its financial services business.

  Money

  May 5, 2021
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• Loblaw could offset higher costs from minimum wage hikes in Ont., Alta. with 0.4% price increase: CIBC report

  The grocery store operator also said it expects healthcare reform in Quebec to negatively impact its net earnings.

  Money

  Jul 26, 2017