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Loblaw Companies Ltd (L.TO)

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Latest Key Developments (Source: Significant Developments)

Loblaw sees $1.3 billion in 2016 capital expenditures
6:30am EDT 

Loblaw Companies Ltd : Qtrly adjusted diluted net earnings per common share were $1.01 . Qtrly drug retail (shoppers drug mart) same-store sales growth was 4.0% . Q2 retail segment sales were $10,494 million, an increase of $176 million, or 1.7%, compared to q2 of 2015 . To return capital to shareholders by allocating a significant portion of free cash flow to share repurchases in 2016 . Sees for 2016 approximately $1.3 billion in capital expenditures . Q2 earnings per share view c$0.94, revenue view c$10.75 billion -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view c$3.86, revenue view c$46.57 billion -- Thomson Reuters I/B/E/S . Says . Qtrly revenue was $10,731 million, an increase of $196 million, or 1.9%, compared to q2 of 2015 . Qtrly diluted net earnings per common share were $0.39 . Qtrly food retail (loblaw) same-store sales growth was 0.7%, excluding gas bar . Says recorded an additional charge related to store closures of approximately $43 million in q2 . In 2016 to deliver positive same-store sales and stable gross margin in its retail segment .Says in 2016, company expects to grow adjusted net earnings.  Full Article

Loblaw - Recalling Joe Fresh ® Baby Girls' denim overalls
Friday, 20 May 2016 05:30pm EDT 

Loblaw Companies Ltd : Is voluntarily recalling Joe Fresh ® Baby Girls' Denim Overalls with style code bgu6op1905 . Snaps on garment have potential to be pulled off and may pose a choking hazard to children .One instance of a snap coming off garment has been reported and there have been no reports of injury.  Full Article

Loblaw Companies Ltd says 4 pct increase to quarterly common share dividend
Wednesday, 4 May 2016 06:30am EDT 

Loblaw Companies Ltd:Quarterly common share dividend increased by 4 pct from $0.25 per common share to $0.26 per common share.Payable on July 1, 2016 to shareholders of record on June 15, 2016.  Full Article

Loblaw Companies Ltd - Dole Fresh Vegetables recalls certain pre-packaged products - DATMTR
Wednesday, 27 Jan 2016 03:06am EST 

Loblaw Companies Ltd:Loblaw Companies Limited has announced that Dole Fresh Vegetables Inc., is recalling various pre-packaged chopped salads, salad blends and kits, and leafy green products from the marketplace due to possible Listeria monocytogenes contamination. - DATMTR.Consumers should not consume and distributors, retailers and food service establishments such as hotels, restaurants, cafeterias, hospitals and nursing homes should not sell or use the recalled products. - DATMTR.The affected products have been sold in Ontario, Quebec, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador and may have been sold in other provinces or territories. - DATMTR.This recall applies to all products manufactured from the Dole facility located in Springfield, OH. Affected product can be identified with a product code beginning with the letter "A" in the upper right-hand corner of the package. - DATMTR.There have been no confirmed illnesses associated with the consumption of these products - DATMTR.  Full Article

Loblaw Companies Ltd - Canadian Food Inspection Agency: President's choice brand butter chicken lasagna recalled due to fragments of bone
Friday, 4 Dec 2015 07:53pm EST 

Loblaw Companies Ltd:Food recall warning: President's choice brand butter chicken lasagna recalled due to fragments of bone.Canadian food inspection agency says Loblaw Co is recalling its president's choice brand butter chicken lasagna due to fragments of bone.  Full Article

Loblaw Companies Ltd recalls Life at Home Indoor M5 Multicolour LED Lights - Datamonitor
Thursday, 26 Nov 2015 09:02am EST 

Loblaw Companies Ltd:Loblaw Companies Limited, on behalf of the manufacturer, has voluntarily recalled Life at Home Indoor M5 Multicolour LED Lights Set of 70 with UPC 058703379152 since the products did not meet CSA standards and may pose a fire hazard - DATMTR.  Full Article

Loblaw Companies Ltd declares dividend
Thursday, 23 Jul 2015 06:30am EDT 

Loblaw Companies Ltd:Declared quarterly dividend of $0.250 per common share, payable on Oct. 1 to shareholders of record on Sept. 15 and dividend on Second Preferred Shares, Series B of $0.41 per share payable on Sept. 30, 2015 to shareholders of record on Sept. 15.No dividends were declared on the Second Preferred Shares, Series A.  Full Article

Loblaw Companies Ltd to maintain FY 2015 same-store sales guidance
Thursday, 23 Jul 2015 06:30am EDT 

Loblaw Companies Ltd:Says that for FY 2015 it maintain positive same-store sales guidance.  Full Article

Loblaw Companies Ltd employees accept offer; strikes cancelled - CJX
Thursday, 9 Jul 2015 08:00pm EDT 

Loblaw Companies Ltd:Says Employees of 69 Loblaw Companies owned stores in Ontario markets from Ottawa to Windsor have voted to accept a six-year contract offer from Loblaw -CJX.Says Strikes commenced July 2 in nine stores, and strikes scheduled to commence in 60 additional stores on July 11 have been cancelled.  Full Article

Loblaw Companies Ltd recalls No Name chicken burgers - Canada Stockwatch
Wednesday, 1 Jul 2015 08:00pm EDT 

Loblaw Companies Ltd:Says is recalling No Name chicken burgers with the UPC 60383116958 and best-before date of Jan. 22, 2016, in Atlantic Canada, Ontario and Quebec, since they may be unsafe to consume due to possible salmonella contamination - Canada Stockwatch.  Full Article

BRIEF-Loblaw sees $1.3 billion in 2016 capital expenditures

* Qtrly adjusted diluted net earnings per common share were $1.01