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Loblaw Companies Ltd (L.TO)

L.TO on Toronto Stock Exchange

75.92CAD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Loblaw qtrly earnings per common share $0.57
Wednesday, 3 May 2017 06:30am EDT 

May 3 (Reuters) - Loblaw Companies Ltd :Loblaw companies ltd - qtrly revenue was $10,401 million, an increase of $20 million.Loblaw reports 2017 first quarter results and announces a 3.8% increase to quarterly common share dividend(1).Q1 revenue c$10.4 billion versus i/b/e/s view c$10.39 billion.Loblaw companies ltd - qtrly diluted net earnings per common share were $0.57.Loblaw companies ltd - qtrly adjusted diluted net earnings per common share were $0.90.Loblaw companies ltd - quarterly common share dividend to be increased by 3.8% from $0.26 per common share to $0.27 per common share.Loblaw companies- in 2017, on a full-year comparative basis, expects to invest about $1.3 billion in capital expenditures, including $1.0 billion in retail segment.Loblaw companies ltd - qtrly same-store sales were negatively impacted by timing of new year's day and easter.Loblaw companies ltd - qtrly retail segment sales were $10,166 million, an increase of $12 million, or 0.1%, compared to q1 of 2016.Loblaw companies ltd - qtrly food retail (loblaw) same-store sales decline was 2.1%, excluding gas bar.Loblaw companies ltd - qtrly drug retail (shoppers drug mart) same-store sales growth was 0.9 percent.Q1 earnings per share view c$0.87, revenue view c$10.39 billion -- Thomson Reuters I/B/E/S.  Full Article

Loblaw Companies announces normal course issuer bid
Wednesday, 26 Apr 2017 07:00am EDT 

April 26 (Reuters) - Loblaw Companies Ltd ::Loblaw Companies Limited announces normal course issuer bid.May, during 12-month period commencing April 28, 2017 and terminating April 27, 2018, purchase up to 21 million of common shares.  Full Article

Loblaw to sell its gas station business to Brookfield Business Partners
Wednesday, 19 Apr 2017 07:45am EDT 

April 19 (Reuters) - Brookfield Business Partners LP ::Loblaw to sell its gas station business to Brookfield Business Partners.Brookfield Business Partners LP - transaction provides for a purchase price of approximately c$540 million..Brookfield Business Partners LP- Brookfield is entering into an agreement with imperial oil to rebrand gas station portfolio to Mobil fuel brand.  Full Article

Loblaw Q4 revenue C$11.13 billion
Thursday, 23 Feb 2017 05:45am EST 

Loblaw Companies Ltd : Loblaw reports 2016 fourth quarter and fiscal year ended December 31, 2016 results . Q4 revenue C$11.13 billion versus I/B/E/S view C$10.98 billion . Loblaw Companies Ltd - expects to invest approximately $1.3 billion in capital expenditures in 2017, including $1.0 billion in its retail segment . Loblaw Companies Ltd - Qtrly food retail (Loblaw) same-store sales growth was 1.1%, excluding gas bar . Loblaw - recorded a charge of $88 million related to impairment of fixed assets of $15 million and a customer relationship intangible asset of $73 million in quarter . Loblaw Companies Ltd - Qtrly diluted net earnings per common share were $0.50 . Loblaw Companies Ltd - Qtrly adjusted diluted net earnings per common share were $0.97 . Loblaw - sees estimated impact in 2017 of new and current consolidated franchises will be revenue of about $680 million, adjusted EBITDA of about $55 million . Loblaw Companies Ltd - on FY comparative basis company expects to deliver positive same-store sales and stable gross margin in its retail segment . Loblaw - sees impact in 2017 of new and current consolidated franchises will be net earnings attributable to non-controlling interests of about $10 million . Loblaw Companies Ltd - in 2017 expects to invest approximately $1.3 billion in capital expenditures.  Full Article

Loblaw reports third quarter 2016 results
Wednesday, 16 Nov 2016 06:30am EST 

Loblaw Companies Ltd : Loblaw Companies Ltd - In 2016, company expects to invest approximately $1.3 billion in capital expenditures, including $1.0 billion in its retail segment . Q3 earnings per share view C$1.12, revenue view C$14.12 billion -- Thomson Reuters I/B/E/S . Q3 adjusted earnings per share c$1.26 . Q3 earnings per share C$1.03 . Qtrly drug retail (shoppers drug mart) same-store sales growth was 2.8% . Loblaw reports third quarter 2016 results .Q3 revenue C$14.14 billion versus I/B/E/S view C$14.12 billion.  Full Article

Loblaw agrees to buy Canadian healthcare technology company, QHR
Monday, 22 Aug 2016 07:00am EDT 

Loblaw Companies Ltd: Loblaw enters into agreement to purchase Canadian healthcare technology company, QHR . Deal for $3.10 in cash per each QHR share . Deal for approximately $170 million in aggregate .QHR shareholders who collectively control approximately 23% of QHR, have committed to vote in favor of transaction..  Full Article

Loblaw sees $1.3 billion in 2016 capital expenditures
Wednesday, 27 Jul 2016 06:30am 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

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BRIEF-Loblaw qtrly earnings per common share $0.57

* Loblaw companies ltd - qtrly revenue was $10,401 million, an increase of $20 million