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Loblaw Companies Ltd (L.TO)

L.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Competition Bureau closes investigation into allegations of abuse of dominance by Loblaw​
9:25am EST 

Nov 21 (Reuters) - Competition Bureau::Competition Bureau says it is closing its investigation into allegations of "abuse of dominance" by Loblaw​.‍Competition Bureau says no conclusion of abuse of dominance in its investigation related to Loblaw.Competition Bureau says concluded no further action was warranted​ in relation to investigation.  Full Article

ALLIANCE DATA SYSTEMS' ‍PRECIMA SIGNS LONG-TERM AGREEMENT WITH LOBLAW COS LTD
7:30am EST 

Nov 21 (Reuters) - Alliance Data Systems Corp ::ALLIANCE DATA SYSTEMS CORP - ‍PRECIMA SIGNED A NEW LONG-TERM AGREEMENT WITH LOBLAW COMPANIES LIMITED​.ALLIANCE DATA - ‍PRECIMA WILL GIVE DATA TO SUPPORT MARKETING STRATEGY DEVELOPMENT, ALONG WITH A NUMBER OF OTHER SERVICES, ACROSS LOBLAW'S RETAIL NETWORK​.  Full Article

George Weston reports Q3 adjusted earnings per share of $2.14‍​
6:00am EST 

Nov 21 (Reuters) - George Weston Ltd :George Weston limited reports third quarter 2017 results(2).George Weston Ltd qtrly adjusted earnings per share $2.14‍​.George Weston Ltd qtrly ‍shr $3.25​.George Weston Ltd qtrly sales $14.65 billion versus $14.61 billion.George Weston Ltd - ‍subsequent to end of Q3, Weston Foods announced planned closure of unprofitable facility in U.S..George Weston Ltd - ‍ management expects to make capital investments of approximately $220 million in 2017​ for Weston Foods.George Weston Ltd - ‍performance of frozen business is "not expected to improve materially" in Q4 of 2017 for Weston Foods​.George Weston Ltd - Weston Foods expects closure of unprofitable facility in U.S. to be completed in Q1 of 2018​.George Weston -for 2017, sees growth in net earnings to be driven by net earnings increase at Loblaw, positive impact of increased ownership in Loblaw​.George Weston Ltd - management is "in the process of reviewing the strategy" in light of challenges at frozen foods business.Q3 earnings per share view c$2.15 -- Thomson Reuters I/B/E/S.George Weston Ltd - ‍Weston Foods expects adjusted EBITDA in Q4 of 2017 to trend in a similar fashion to Q3 of 2017 when compared to prior year​.  Full Article

Loblaw says ‍launched a fee-based subscription pilot program
Monday, 20 Nov 2017 01:00pm EST 

Nov 20 (Reuters) - Loblaw Companies Ltd :Says ‍launched a fee-based subscription Pilot Program, PC Insiders; program availability is expected to expand in 2018​.  Full Article

Loblaw to begin Instacart home delivery of groceries - Conf Call‍​
Wednesday, 15 Nov 2017 10:38am EST 

Nov 15 (Reuters) - Loblaw Companies Ltd ::Will begin Instacart home deliveries on Dec 6 in Toronto, then Vancouver in January, expanding rapidly to new markets in 2018 - Conf Call‍​.The front of store business, the Shopper Drug Mart "continues to be a real source of strength" for the company - Conf Call‍​.  Full Article

Loblaw ‍plans to create PC optimum program
Wednesday, 8 Nov 2017 07:00am EST 

Nov 8 (Reuters) - Loblaw Companies Ltd ::Loblaw Companies Ltd ‍plans to create PC optimum program, combining Pharmaprix Optimum and PC Plus programs on February 1, 2018​.Says ‍through single card/app, members will be able to earn and redeem loyalty points across stores, e-commerce sites​.  Full Article

‍Loblaw Companies says co, George Weston confirmed they are aware of an industry-wide investigation by the competition bureau​
Tuesday, 31 Oct 2017 04:40pm EDT 

Oct 31 (Reuters) - Loblaw Companies Ltd :‍Loblaw Companies - co, George Weston confirmed that they are aware of an industry-wide investigation by the competition bureau​.  Full Article

President's Choice Bank announced mutual agreement to end 20-yr relationship with CIBC​
Wednesday, 16 Aug 2017 08:00am EDT 

Aug 16 (Reuters) - Loblaw Companies Ltd :President's Choice Bank -announced a mutual agreement to end its 20-year relationship with CIBC​.  Full Article

Loblaw expects regulatory headwinds from both healthcare reform and increases in minimum wage
Wednesday, 26 Jul 2017 10:30am EDT 

July 26 (Reuters) - Loblaw Companies Ltd :Loblaw - CEO, re: further reduction in generic drug pricing by Québec Government, "will put increased pressure on our pharmacy business model" - conf call.Loblaw - in 2018, expect significant regulatory headwinds from both accelerating healthcare reform and increases in minimum wage - CEO on conf call.Loblaw - "we need to increase our focus on cost reductions and accelerate our plans to realize efficiencies" - president on conf call.Loblaw - in 2018, estimate impact on labor expenses from increases in minimum wage rates to be about $190 million - president on conf call.  Full Article

Loblaw reports second quarter 2017 results
Wednesday, 26 Jul 2017 06:30am EDT 

July 26 (Reuters) - Loblaw Companies Ltd :Q2 revenue C$11.08 billion versus I/B/E/S view C$11.05 billion.Q2 earnings per share C$0.89.Loblaw Companies Ltd - qtrly ‍drug retail (Shoppers Drug Mart) same-store sales growth was 3.7 percent​.Q2 earnings per share C$0.89.Q2 adjusted earnings per share C$1.11.Loblaw Companies Ltd - qtrly ‍food retail (Loblaw) same-store sales growth was 1.0 percent, excluding gas bar​.Loblaw Companies Ltd - qtrly ‍retail segment sales were $10,827 million, an increase of $333 million, or 3.2 percent, compared to Q2 of 2016​.Q2 earnings per share view C$1.10 -- Thomson Reuters I/B/E/S.Loblaw Companies Ltd - ‍Loblaw's outlook for 2017 remains unchanged​.FY2017 earnings per share view C$4.44, revenue view C$46.99 billion -- Thomson Reuters I/B/E/S.Loblaw Companies Ltd - ‍expected incremental impact of minimum wage increases on labour expenses is approximately $190 million in 2018​.Loblaw Companies Ltd - ‍recently announced healthcare reform in Quebec will result in a more significant incremental impact in 2018 than in prior years​.  Full Article

BRIEF-Competition Bureau closes investigation into allegations of abuse of dominance by Loblaw​

* Competition Bureau says it is closing its investigation into allegations of "abuse of dominance" by Loblaw​