Loblaw Companies Limited Earnings Recaps
Q3 2025
Nov 13, 2025
Loblaw Companies Limited reported a strong third quarter, with revenue growing 4.6% to $19.4 billion and adjusted EBITDA increasing 7.2%, reflecting ongoing operational excellence and a robust store expansion strategy.
Key takeaways
- Adjusted diluted net earnings per share rose 11.3% to $0.69, indicating strong profitability.
- Same-store sales in food retail grew by 2%, outperforming the overall growth of 4.8% due to 76 new store openings.
- Online sales increased by 18%, with delivery driving significant growth in the grocery channel.
- The drug retail segment delivered 4% same-store sales growth, bolstered by a 5.9% rise in pharmacy sales.
- Free cash flow from the Retail segment reached $325 million, underscoring strong operational cash generation.
Q2 2025
Jul 25, 2025
Loblaws Inc. delivered robust growth in Q2 2025, with revenues up 5.2% to $14.5 billion and significant improvements in adjusted earnings amidst ongoing operational expansions.
Key takeaways
- Adjusted EBITDA rose 7.4% to $1.8 billion, with adjusted diluted earnings per share increasing 11.6% to $2.40.
- Strong market share performance driven by new store openings, with food same-store sales up 3.5% and absolute sales growth exceeding same-store by 230 basis points.
- Online sales increased by 17.5%, highlighting continued consumer migration towards digital shopping channels.
- Successful integration of AI solutions in supply chain management is enhancing operational efficiency and decision-making in stores.
- Pharmacy and Healthcare services saw a 6.2% increase in same-store sales, reinforcing strong momentum across retail segments.