Canada's Loblaw misses first-quarter revenue estimates

Loblaw Companies

06/05/2026 11:33

May 6 (Reuters) - Canadian retailer Loblaw L.TO on Wednesday missed analysts' estimates for first-quarter revenue, hurt by a slowdown in demand as consumers turn cautious about their spending amid rising macroeconomic uncertainty.

The company reported quarterly revenue of C$14.48 billion ($10.65 billion), compared with analysts' average estimates of C$14.55 billion, according to data compiled by LSEG.

($1 = 1.3599 Canadian dollars)

 (Reporting by Sanskriti Shekhar in Bengaluru; Editing by Vijay Kishore)

 ((Sanskriti.Shekhar@thomsonreuters.com))