Loblaw Companies Q1 2023 Earnings Report

Loblaw Companies EPS Results

• Actual EPS: C$1.55
• Consensus EPS: C$1.56
• Beat/Miss: Missed by -C$0.01
• One Year Ago EPS: N/A

Loblaw Companies Revenue Results

• Actual Revenue: $13.00 billion
• Expected Revenue: $13.12 billion
• Beat/Miss: Missed by -$122.50 million
• YoY Revenue Growth: N/A

Loblaw Companies Announcement Details

• Quarter: Q1 2023
• Date: 5/3/2023
• Time: N/A

Loblaw is one of Canada's largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President's Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program. The firm's controlling shareholder is George Weston Limited, which owns 52.6% of the equity.