Loblaw Companies Ltd reports results for the quarter ended June 30 - Earnings Summary
Loblaw Companies Ltd reports results for the quarter ended June 30 - Earnings Summary
Loblaw Companies Ltd L.TO reported quarterly adjusted earnings of 66 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of eight analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 63 cents to 66 cents per share.
Revenue rose 2.5% to C$15.05 billion from a year ago; analysts expected C$15.07 billion.
The company reported quarterly net income of C$751 million.
Loblaw Companies Ltd shares had risen by 2.6% this quarter and gained 6.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food retail & distribution peer group is also "buy"
Wall Street's median 12-month price target for Loblaw Companies Ltd is C$70.00, about 5.7% above its last closing price of C$66.03
This summary was machine generated from LSEG data July 30 at 01:32 p.m. UTC. All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.65 | 0.66 | Beat |
Mar. 31 2026 | 0.52 | 0.52 | Met |
Dec. 31 2025 | 0.66 | 0.67 | Beat |
Sep. 30 2025 | 0.68 | 0.69 | Beat |
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