Loblaw reports Q1 profit and sales up from year ago, raises quarterly dividend
The Brampton-based grocer said discount banners outperformed full-price stores as revenue rose 4.2% and e-commerce sales climbed 20.3%.
- On Wednesday, Loblaw Companies Limited reported a 6.8% increase in adjusted first-quarter profit and raised its quarterly dividend by 10% to $0.155183 per share.
- Discount chains including No Frills, Maxi, and Real Canadian Superstore are outperforming full-price stores as customers increasingly shop at lower-priced outlets to cope with persistent food inflation.
- First-Quarter revenue grew 4.2% to $14.7 billion, bolstered by a 20.3% surge in e-commerce sales and a 4.1% gain in same-store sales at Shoppers Drug Mart.
- Regulators approved the sale of PC Financial to EQB Inc. this week, with the transaction expected to close in the third quarter of 2026.
- Management expects to invest approximately $2.4 billion in capital expenditures throughout 2026, while shareholders prepare for the annual meeting on Tuesday, May 12, 2026, at Massey Hall in Toronto.
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Winnipeg Free Press
City NewsDiscount stores drive Loblaw's Q1 profit and sales, raises quarterly dividend
An emphasis on discount stores continues to pay off for Loblaw Cos. Ltd. as shoppers search for affordable groceries amid intensifying economic headwinds.
The Toronto Star
Globe NewswireLoblaw Reports First Quarter Revenue Growth of 4.2% and Adjusted Diluted Net Earnings Per Common Share Growth of 10.6%
BRAMPTON, Ontario, May 06, 2026 (GLOBE NEWSWIRE) -- Loblaw Companies Limited (TSX: L) (“Loblaw” or the “Company”) announced today its unaudited financial results for the first quarter ended March 28,
This Is Why Loblaw Stock Fell Even as Profit Rose
Loblaw missed first-quarter revenue estimates, posting C$14.48 billion versus the expected C$14.55 billion, sending shares down 5%. Net earnings rose to C$594 million, and the company raised its dividend by 10% while approving a new buyback. Discount banners No Frills and Maxi drove growth as shoppers continued to trade down. The post This Is Why Loblaw Stock Fell Even as Profit Rose appeared first on TechStock².
Loblaw Cos. Ltd. Reports Q1 Profit And Sales Up From Year Ago, Raises Dividend
Loblaw Cos. Ltd. raised its quarterly dividend by 10 per cent as it reported its first-quarter profit and revenue rose compared with a year ago. The company behind Loblaws and Shoppers Drug Mart said the results came as its discount grocery banners outperformed and its drugstore business saw growth in prescription drug sales. “We are very pleased that our strategic investments in opening new stores, and our focus on value, are resonating with Ca…
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