Upcoming Dividend • 21h
Upcoming dividend of CA$0.16 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (1.2%). Announcement • May 08
Loblaw Companies Limited Declares Quarterly Dividend, Payable on July 1, 2026 Subsequent to the end of the first quarter of 2026, the Board of Directors of Loblaw Companies Limited declared a quarterly dividend of CAD 0.155183 per common share, payable on July 1, 2026 to shareholders of record on June 15, 2026, an increase of 10% from the previous quarterly dividend of CAD 0.141075 per common share paid on April 1, 2026. Live News • May 07
Loblaw to Centralize AI With Shakudo and Launch 5% Share Buyback Program Loblaw is partnering with Canadian AI firm Shakudo to build a centralized platform for managing and scaling AI and machine learning applications across its operations.
The company plans to start a normal course issuer bid on 8 May 2026 to repurchase up to about 5% of its common shares over 12 months.
Majority shareholder George Weston Limited intends to participate in the buyback in line with its ownership so its stake is not diluted.
For you as an investor, the AI partnership points to Loblaw putting more focus on data and automation across areas such as merchandising, supply chain, and customer experience. Using a dedicated AI platform provider to handle a complex tech environment suggests Loblaw is trying to centralize and standardize how it builds and runs its internal AI tools, rather than handling this in scattered pockets of the business.
The planned share repurchase indicates that Loblaw is prepared to return capital to shareholders within the current regulatory framework. George Weston’s proportional participation means the overall ownership structure is intended to stay broadly consistent, while still allowing other shareholders to benefit from the reduced share count. You may want to watch future disclosures for how actively the company uses the full NCIB capacity and for any updates on how AI projects are rolled out across the business. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: CA$0.50 (vs CA$0.42 in 1Q 2025) First quarter 2026 results: EPS: CA$0.50 (up from CA$0.42 in 1Q 2025). Revenue: CA$14.5b (up 2.5% from 1Q 2025). Net income: CA$587.0m (up 17% from 1Q 2025). Profit margin: 4.1% (up from 3.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Retailing industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 03
Loblaw Companies Limited Launches Foods For All The Moods Platform Featuring Antoni Porowski Loblaw Companies Limited, Zehrs, and Your Independent Grocer unveiled their new multi-channel “FOODS FOR ALL THE MOODS” brand platform this spring. This platform and campaign are a rich and vibrant celebration of life's moments, big and small, demonstrating how trusted stores and colleagues consistently provide the perfect food solutions for every mood and occasion. The campaign begins with Antoni assisting customers in relatable scenarios. The spot features him rescuing an overwhelmed dad who is juggling both a stroller and a work call, by arriving with PC Express bags and proclaiming, highlighting the ease and accessibility of grocery delivery services. The campaign with Antoni will continue into summer, supporting fans through the extreme highs and lows of a soccer match. He appears with two fresh baked cakes, one that says "GOALLL," and one that says "NOOOO", showcasing that stores are ready to cover all game-time emotions from celebration to commiseration. The "FOODS FOR ALL THE MOODS" campaign will roll out across television, digital, social media, and in-store channels starting this spring. Announcement • Apr 27
Loblaw Companies Limited Recalls Select Cases of PC Cola Loblaw Companies Limited is recalling select cases of PC Cola (12 x 355 ML) products with UPC 060383787035. Inside some of the cases, cans labelled as PC Cola Zero Sugar may contain regular PC Cola. This may be a health concern for customers who are avoiding sugar. Only products with the 2026NO20PQ1427 lot code are affected by the recall. The affected products were sold between April 2, 2026 and April 24, 2026 at the following stores: Ontario: Real Canadian Superstore, Fortinos, Loblaws, Valu-Mart, Your Independent Grocer, Zehrs, No Frills, affiliated independent stores, Wholesale Club, no name store, Shoppers Drug Mart. Atlantic: Atlantic Superstore, Dominion, Your Independent Grocer, Maxi, No Frills, affiliated independent stores, Shoppers Drug Mart. Québec: Provigo, Maxi, Axep, Intermarché, Valu-Mart, Club Entrepôt, Pharmaprix. West: Real Canadian Superstore, Independent franchise stores, Your Independent Grocer, Extra Foods, No Frills, independent retail stores, Real Canadian Wholesale Club, Wholesale Club, Shoppers Drug Mart. All affected products have been removed from store shelves. Customers are encouraged to return the product to the place of purchase for a full refund. Announcement • Apr 08
Loblaw Companies Limited to Report Q1, 2026 Results on May 06, 2026 Loblaw Companies Limited announced that they will report Q1, 2026 results at 6:30 AM, US Eastern Standard Time on May 06, 2026 Recent Insider Transactions • Mar 08
CFO & Member of Management Board recently sold CA$3.0m worth of stock On the 2nd of March, Richard Dufresne sold around 47k shares on-market at roughly CA$63.10 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Richard has been a net seller over the last 12 months, reducing personal holdings by CA$5.1m. Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CA$1.93 to CA$2.27. Revenue forecast steady at CA$65.8b. Net income forecast to grow 5.2% next year vs 6.7% growth forecast for Consumer Retailing industry in Canada. Consensus price target up from CA$66.36 to CA$68.45. Share price was steady at CA$62.29 over the past week. Declared Dividend • Mar 01
Fourth quarter dividend of CA$0.14 announced Shareholders will receive a dividend of CA$0.14. Ex-date: 13th March 2026 Payment date: 1st April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
Loblaw Companies Limited announces Quarterly dividend, payable on April 01, 2026 Loblaw Companies Limited announced Quarterly dividend of CAD 0.1411 per share payable on April 01, 2026, ex-date on March 13, 2026 and record date on March 15, 2026. Reported Earnings • Feb 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CA$2.13 (up from CA$1.77 in FY 2024). Revenue: CA$63.9b (up 4.7% from FY 2024). Net income: CA$2.53b (up 17% from FY 2024). Profit margin: 4.0% (up from 3.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 23
Loblaw Companies Limited, Annual General Meeting, May 12, 2026 Loblaw Companies Limited, Annual General Meeting, May 12, 2026. Location: ontario, hybrid meeting, toronto Canada Announcement • Jan 28
Loblaw Companies Limited to Report Q4, 2025 Results on Feb 25, 2026 Loblaw Companies Limited announced that they will report Q4, 2025 results at 6:30 AM, Eastern Standard Time on Feb 25, 2026 Announcement • Dec 17
Loblaw Companies Limited announced that it has received CAD 500 million in funding On December 16, 2025, Loblaw Companies Limited closed the transaction. Announcement • Dec 12
Loblaw Companies Limited announced that it expects to receive CAD 500 million in funding Loblaw Companies Limited announced a private placement of senior unsecured notes in the aggregate principal amount of CAD 500,000,000 to qualified accredited investors on December 11, 2025. The notes will bear interest at a rate of 4.387% per annum and will mature on June 16, 2035. The notes will be unsecured obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. Subject to customary closing conditions, the transaction is expected to close on December 16, 2025. Morningstar DBRS Limited has provided the Notes with a credit rating of “BBB (high)” with a ““Positive” trend and Standard and Poor’s Rating Services has provided the Notes with a credit rating of “BBB+”. Upcoming Dividend • Dec 08
Upcoming dividend of CA$0.14 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 30 December 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (1.2%). Announcement • Dec 05
EQB Inc. (TSX:EQB) have entered into a definitive agreement to acquire President's Choice Bank from Loblaw Companies Limited (TSX:L) for estimated CAD 800 million. EQB Inc. (TSX:EQB) have entered into a definitive agreement to acquire President's Choice Bank from Loblaw Companies Limited (TSX:L) for estimated CAD 800 million on December 3, 2025. The consideration will be satisfied by the issuance to one or more subsidiaries of Loblaw of 7.2 million common shares of EQB, representing approximately 16% of EQB’s issued and outstanding common shares as at the date hereof on a pro-forma basis, and the remainder in cash. In addition, prior to the closing of the transaction and subject to regulatory approval, Loblaw will release and receive approximately CAD 500 million of excess capital and other value from PC Bank, for estimated total value of CAD 1.3 billion to Loblaw. EQB intends to finance the cash consideration with its current balance sheet resources. In case of termination of transaction, EQB Inc. will pay a termination fee of CAD 40 million.
The transaction is subject to certain conditions set forth in the Transaction Agreement, including, among others, receipt of approval from the Minister of Finance, clearance under the Competition Act (Canada) and execution and delivery of the Program Participation Agreement and an investor rights agreement. The expected completion of the transaction is in calendar year 2026.
RBC Capital Markets Inc. acted as financial advisor for EQB Inc. Blake, Cassels & Graydon LLP acted as legal advisor for EQB Inc. CIBC World Markets, Inc. acted as financial advisor for Loblaw Companies Limited. Torys LLP acted as legal advisor for Loblaw Companies Limited. Declared Dividend • Nov 14
Third quarter dividend of CA$0.14 announced Shareholders will receive a dividend of CA$0.14. Ex-date: 15th December 2025 Payment date: 30th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: CA$0.67 (vs CA$0.64 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.67 (up from CA$0.64 in 3Q 2024). Revenue: CA$19.4b (up 4.6% from 3Q 2024). Net income: CA$794.0m (up 2.2% from 3Q 2024). Profit margin: 4.1% (down from 4.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Canada. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 13
Loblaw Companies Limited Announces Executive Changes Loblaw Companies Limited announced the appointment of Gregers Wedell-Wedellsborg as President. Gregers will be joining on January 26 next year, following his transition from Matas Group, where he's currently Group CEO. He will officially take off his responsibilities on March 16 after a thorough onboarding process. Matas is a publicly traded health and beauty retailer with over 500 locations across Denmark, Sweden, Norway and Finland. And Gregers is an exceptional leader and retailer with a proven track record in driving growth and performance, digital innovation and operational excellence. The company acknowledge the significant contribution of David Markwell, Interim President of Shoppers and Head of Technology and Analytics Group. David himself into this interim role with great energy and enthusiasm and has made a tremendous difference. He will, of course, support Gregers transition until he starts his official accountabilities on March 16 and also continue his role as Executive Vice President, Technology and Analytics as well as supporting several key enterprise initiatives. Announcement • Nov 12
Loblaw Companies Limited Declares Quarterly Dividend, Payable on December 30, 2025 Loblaw Companies Limited announced the Board of Directors declared a quarterly dividend of $0.141075 per common share, payable on December 30, 2025 to shareholders of record on December 15, 2025. Announcement • Nov 11
no name Mobile Expands to All Maxi Locations Across Quebec, Powered by Bell's Wireless Network no name™? mobile and Bell announced the expansion of the iconic no name™? prepaid mobile service to all Maxi®? store locations across Quebec. With close to 200 stores province-wide, this move significantly increases access for Quebecers seeking low-cost mobile plans and reliable nationwide coverage, enhancing connectivity to regions and communities across the province. Since launching in 2024, no name™? mobile has been offering No Frills®? customers six distinct plans starting as low as $19 per month (plus applicable taxes) without credit checks, long-term contracts or hidden fees, all powered by Bell's reliable 4G-LTE network. With today's announcement, Quebecers will benefit from the same unprecedented value and highly competitive mobile options. No name™? SIM cards will be available in several Maxi®? locations across Quebec with the remaining locations to roll out over the next few weeks. Customers can pick up a no name™? SIM card for just $5 (plus applicable taxes) and activate it online. All plans include unlimited calls Canada-wide and to the U.S., international texting, call display, voicemail, call waiting, and three-way calling and up to 5GB of bonus data with auto top up. Plus, managing accounts has never been easier with the My PC®? mobile App, where customers can top up, switch plans, and more, all at their fingertips. Announcement • Oct 16
Loblaw Companies Limited to Report Q3, 2025 Results on Nov 12, 2025 Loblaw Companies Limited announced that they will report Q3, 2025 results at 6:30 AM, US Eastern Standard Time on Nov 12, 2025 Announcement • Sep 12
Strosberg Wingfield Sasso LLP and Orr Taylor LLP Announce Commencement of Claims Process for $500 Million National Settlement Reaches with George Weston Limited and Loblaw Companies Limited Strosberg Wingfield Sasso LLP and Orr Taylor LLP announced the commencement of the claims process for the $500 million national settlement reached with George Weston Limited (Weston) and Loblaw Companies Limited (Loblaw) for their involvement in nationwide class action lawsuits related to alleged industry-wide price fixing of Packaged Bread sold in Canada between 2001 and 2021. The settlement agreement, approved by the applicable Courts, provides for a cash payment by Weston and Loblaw of $404 million (Loblaw having previously advanced $96 million through the earlier Loblaw Card Program). These settlement funds, less any court-approved expenses, are allocated 78% for settlement class members resident in Canada outside of Quebec and 22% for settlement class members resident in Quebec. Eligible Canadian residents who purchased Packaged Bread (including packaged bread products and bread alternatives, such as bagged bread, buns, rolls, bagels, naan bread, English muffins, wraps, pita and tortillas) for their personal use between January 1, 2001 and December 31, 2021, inclusive, must submit a completed claim form by December 12, 2025 to claim compensation from the settlement. Proof of purchase is not required. Individuals who previously received a $25 Loblaw card from the Loblaw Card Program may submit a claim for additional compensation, but they will only be paid an incremental amount above the value of the $25 Loblaw card they received if there are sufficient settlement funds available, and only if the incremental amount is more than the $5 minimum payment threshold set for the settlement. Settlement funds allocated for businesses or entities in Canada that purchased Packaged Bread for resale in the period 2001 to 2021, inclusive, are being held in Trust at this time and will be distributed as the Courts direct at a later date. The class actions continue against the remaining defendants, Canada Bread, Sobeys, Metro, Wal-Mart Canada and Giant Tiger. Upcoming Dividend • Sep 08
Upcoming dividend of CA$0.14 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (1.2%). New Risk • Aug 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk High level of debt (65% net debt to equity). Declared Dividend • Jul 28
First quarter dividend of CA$0.56 announced Shareholders will receive a dividend of CA$0.56. Ex-date: 15th September 2025 Payment date: 1st October 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 26
Loblaw Companies Limited announces Quarterly dividend, payable on October 01, 2025 Loblaw Companies Limited announced Quarterly dividend of CAD 0.5643 per share payable on October 01, 2025, ex-date on September 15, 2025 and record date on September 15, 2025. Announcement • Jun 26
Loblaw Companies Limited to Report Q2, 2025 Results on Jul 24, 2025 Loblaw Companies Limited announced that they will report Q2, 2025 results at 6:30 AM, US Eastern Standard Time on Jul 24, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of CA$0.56 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (1.2%). Recent Insider Transactions Derivative • Jun 05
Insider exercised options and sold CA$3.4m worth of stock On the 2nd of June, Robert Wiebe exercised 20k options at a strike price of around CA$62.67 and sold these shares for an average price of CA$233 per share. This trade did not impact their existing holding. Since June 2024, Robert's direct individual holding has increased from 440.00 shares to 699.00. Company insiders have collectively sold CA$41m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 08
Insider exercised options and sold CA$2.1m worth of stock On the 5th of May, Jeffery Leger exercised 13k options at a strike price of around CA$62.75 and sold these shares for an average price of CA$221 per share. This trade did not impact their existing holding. Since June 2024, Jeffery's direct individual holding has increased from 5.66k shares to 11.61k. Company insiders have collectively sold CA$52m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • May 04
First quarter dividend of CA$0.56 announced Shareholders will receive a dividend of CA$0.56. Ex-date: 13th June 2025 Payment date: 1st July 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Loblaw Companies Limited announces Quarterly dividend, payable on July 01, 2025 Loblaw Companies Limited announced Quarterly dividend of CAD 0.5643 per share payable on July 01, 2025, ex-date on June 13, 2025 and record date on June 15, 2025. Reported Earnings • May 01
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: CA$1.66 (up from CA$1.49 in 1Q 2024). Revenue: CA$14.1b (up 4.1% from 1Q 2024). Net income: CA$503.0m (up 9.6% from 1Q 2024). Profit margin: 3.6% (up from 3.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in Canada. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 02
Loblaw Companies Limited to Report Q1, 2025 Results on Apr 30, 2025 Loblaw Companies Limited announced that they will report Q1, 2025 results at 6:30 AM, US Eastern Standard Time on Apr 30, 2025 Announcement • Mar 12
Renno & Vathilakis Inc. Announces Settlement Agreement with George Weston Limited and Loblaw Companies Limited Joey Zukran of LPC Avocats and Michael Vathilakis of Renno & Vathilakis Inc. announced that the $500 million settlement agreement with George Weston Limited (Weston) and Loblaw Companies Limited (Loblaw) to settle their involvement in nationwide class action lawsuits related to industry-wide price fixing for certain packaged bread products was executed by the parties on January 31, 2025. The settlement is subject to court approval in Ontario and Quebec. The Ontario Settlement Approval Hearing will take place in Toronto on May 5, 2025. The Quebec Settlement Approval Hearing will take place in Montreal on June 16, 2025. If the settlement is approved, it will resolve all claims against Loblaw and Weston relating to this matter and Loblaw, Weston and related companies will receive a full and final release on behalf of all individuals and businesses resident in Canada who purchased Packaged Bread for personal use or for resale from January 1, 2001 to December 31, 2021. The settlement provides for a cash payment by Weston and Loblaw of $404 million, with $96 million already paid by Loblaw through the previously announced Loblaw Card Program. The settlement funds, less court-approved expenses, will be allocated 78% for settlement class members resident in Canada outside Quebec and 22% for settlement class members resident in Quebec, and distributed for the benefit of eligible class members in accordance with a plan of distribution to be approved by the courts. The settlement also provides access to information that will be used in continuing the case against the remaining defendants Canada Bread, Sobeys, Metro, Wal-Mart Canada, and Giant Tiger. The proposed plan of distribution provides that individuals who purchased Packaged Bread for their personal use and not for resale may claim compensation against 99.5% of net settlement funds allocated for consumers through a claims process to be established. The amount of their compensation will depend on the number of approved claims. The courts will decide at a later time how the 0.5% of net settlement funds allocated for businesses and other purchasers of Packaged Bread for resale in the same or a modified form will be distributed. Upcoming Dividend • Mar 10
Upcoming dividend of CA$0.51 per share Eligible shareholders must have bought the stock before 14 March 2025. Payment date: 01 April 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (1.2%). Declared Dividend • Feb 24
Fourth quarter dividend of CA$0.51 announced Shareholders will receive a dividend of CA$0.51. Ex-date: 14th March 2025 Payment date: 1st April 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 21
Loblaw Companies Limited Declares Quarterly Dividend for the Fourth Quarter of 2024, Payable on April 1, 2025 Loblaw Companies Limited declared quarterly dividend of $0.513 per common share the fourth quarter of 2024, payable on April 1, 2025 to shareholders of record on March 15, 2025. Reported Earnings • Feb 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CA$7.12 (up from CA$6.59 in FY 2023). Revenue: CA$61.0b (up 2.5% from FY 2023). Net income: CA$2.17b (up 4.0% from FY 2023). Profit margin: 3.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
Loblaw Companies Limited, Annual General Meeting, May 06, 2025 Loblaw Companies Limited, Annual General Meeting, May 06, 2025. Location: ontario, toronto Canada Announcement • Jan 23
Loblaw Companies Limited to Report Q4, 2024 Results on Feb 20, 2025 Loblaw Companies Limited announced that they will report Q4, 2024 results at 6:30 AM, US Eastern Standard Time on Feb 20, 2025 Announcement • Dec 13
Loblaw Companies Limited announced that it has received CAD 400 million in funding On December 12, 2024, Loblaw Companies Limited closed the transaction. Announcement • Dec 11
Loblaw Companies Limited announced that it expects to receive CAD 400 million in funding Loblaw Companies Limited announced a private placement of senior unsecured notes in the aggregate principal amount of CAD 400,000,000 to qualified accredited investors on December 9, 2024. The notes will bear interest at a rate of 3.564% per annum and will mature on December 12, 2029. The notes will be unsecured obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. Subject to customary closing conditions, the Offering is expected to close on December 12, 2024. DBRS Limited has provided the Notes with a credit rating of “BBB (high)” with a “Stable” trend and Standard and Poor’s Rating Services has provided the Notes with a credit rating of “BBB”. Upcoming Dividend • Dec 06
Upcoming dividend of CA$0.51 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 30 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (1.2%). Declared Dividend • Nov 15
Third quarter dividend of CA$0.51 announced Shareholders will receive a dividend of CA$0.51. Ex-date: 15th December 2024 Payment date: 30th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: CA$2.53 (up from CA$1.97 in 3Q 2023). Revenue: CA$18.5b (up 1.5% from 3Q 2023). Net income: CA$777.0m (up 25% from 3Q 2023). Profit margin: 4.2% (up from 3.4% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10.0%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Canada. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 14
Loblaw Companies Limited Declares A Quarterly Dividend on Common Shares, Payable on December 30, 2024 Loblaw Companies Limited announced that Subsequent to the end of the third quarter of 2024, the Board of Directors declared a quarterly dividend on Common Shares of $0.513 per common share, payable on December 30, 2024 to shareholders of record on December 15, 2024. Announcement • Oct 17
Loblaw Companies Limited to Report Q3, 2024 Results on Nov 13, 2024 Loblaw Companies Limited announced that they will report Q3, 2024 results at 6:30 AM, US Eastern Standard Time on Nov 13, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of CA$0.51 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Canadian dividend payers (6.0%). In line with average of industry peers (1.2%). Price Target Changed • Jul 29
Price target increased by 7.8% to CA$175 Up from CA$162, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CA$169. Stock is up 44% over the past year. The company is forecast to post earnings per share of CA$7.20 for next year compared to CA$6.59 last year. Declared Dividend • Jul 28
Second quarter dividend of CA$0.51 announced Shareholders will receive a dividend of CA$0.51. Ex-date: 13th September 2024 Payment date: 1st October 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CA$1.50 (down from CA$1.59 in 2Q 2023). Revenue: CA$13.9b (up 1.5% from 2Q 2023). Net income: CA$460.0m (down 9.4% from 2Q 2023). Profit margin: 3.3% (down from 3.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Retailing industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CA$169. The fair value is estimated to be CA$141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are forecast to decline by 0.2% per annum over the same time period. Announcement • Jul 25
$500 Million Settlement Reaches with George Weston Limited and Loblaw Companies Limited in Packaged Bread Price-Fixing Class Action The Settlement Payment, less court-approved expenses, will be distributed to eligible class members in accordance with a plan of distribution, to be approved by the courts. If the settlement is approved, it will resolve all the plaintiffs' claims against Loblaw and George Weston relating to this matter. Further details will be available when court approval is sought, which will be before the end of the year. Buy Or Sell Opportunity • Jul 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to CA$163. The fair value is estimated to be CA$136, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are forecast to decline by 0.4% per annum over the same time period. Announcement • Jun 28
Loblaw Companies Limited to Report Q2, 2024 Results on Jul 25, 2024 Loblaw Companies Limited announced that they will report Q2, 2024 results at 6:30 AM, US Eastern Standard Time on Jul 25, 2024 Announcement • Jun 15
Quebecor Files Complaint with Competition Bureau Against Partnership Plans Between Loblaw and Glentel Quebecor has filed a complaint with the Competition Bureau regarding an agreement between Loblaw and wireless carriers Bell and Rogers, through their joint venture Glentel, that would give them exclusive selling rights at The Mobile Shop. This agreement would shut Freedom Mobile out of 180 Loblaw-owned grocery stores and further strengthen the stranglehold of the telecom oligopoly which, based on available data, would henceforth control 62.5% of all third-party retailers in the Canadian wireless industry. Quebecor is confident that the Competition Bureau will investigate the grocery giant's practices and the business model of joint ventures such as Glentel, which create further concentration to the detriment of Canadian consumers. Retail sales account for a significant portion of the Canadian wireless industry's revenues. Quebecor estimates that in 2023, over 80% of Canadian wireless product sales were made in person in-store. Bell, Rogers and Telus have clear market dominance, exercised largely through third-party retailers operating under generic names such as tbooth wireless, Wirelesswave and Wow! Mobile Boutique, giving customers a false sense of objectivity. Currently, 49.5% of these retailers are controlled by at least one member of the Big 3. If Glentel lays its hands on 180 The Mobile Shop outlets, the percentage will rise to 62.5%, further strengthening the oligopoly's grip on retail sales of wireless products and services. Quebecor is therefore calling for action to preserve a fair competitive environment in the telecommunications and grocery businesses, in the best interests of Canadians. 
