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Loblaw Companies Ltd
XBER:L8G

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Loblaw Companies Ltd Logo
Loblaw Companies Ltd
XBER:L8G
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Price: 112 EUR
Market Cap: €34.2B

Loblaw Companies Ltd
Investor Relations

Loblaw Companies Ltd. is one of Canada’s largest food and drug retailers. It sells groceries, household goods, apparel, beauty products, and pharmacy items through a mix of supermarkets, discount stores, and drugstores. It also runs its own private-label brands, which give it more control over pricing and margins than a pure reseller. Its main customers are Canadian households that buy everyday essentials, especially food and prescription medicines. Loblaw also serves shoppers looking for low-cost store brands, convenient neighborhood locations, and one-stop shopping for both groceries and pharmacy needs. In addition, it offers financial services tied to its retail base, such as a branded payment card and banking-related products. Loblaw makes money mainly by buying products from suppliers and selling them through its store network and related channels. Its business model is built around high-volume repeat purchases, which makes it different from many retailers that rely more on discretionary spending. Because it combines grocery retail, pharmacy, and private brands, Loblaw sits at the center of the Canadian consumer staples chain, with steady demand coming from everyday household needs.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Strong start: Loblaw said Q1 was a strong start to 2026, with adjusted EBITDA up 6% to $1.7 billion and adjusted diluted EPS up 10.6%.

Sales growth: Revenue growth was 4.5% on a normalized basis, helped by new store openings and broad-based traffic and basket growth across food and drug retail.

Value focus: Management said customers are still trading down and shopping promotions, and Loblaw’s internal food inflation remained well below Canada’s grocery CPI of 4.4%.

Digital and pharmacy: Online sales rose 20.3%, pharmacy and healthcare services grew same-store sales by 6.7%, and GLP-1 sales growth accelerated further in the quarter.

Capital returns: Loblaw repurchased $648 million of shares and raised its dividend 10%, its 15th straight annual increase.

Outlook: Management said full-year performance should broadly resemble Q1, with the main earnings drags coming from the East Gwillimbury automated DC ramp and T&T U.S. investments.

Key Financials
Revenue
4.5%
Adjusted EBITDA
$1.7 billion
Adjusted EBITDA margin
11.5%
Adjusted diluted EPS
10.6%
Diluted EPS
$0.50
Food sales
3.9%
Food same-store sales
2.4%
Food same-store sales normalized
2.7%
Drug sales
4.8%
Drug same-store sales
4.1%
Pharmacy and Healthcare Services same-store sales
6.7%
Front store same-store sales
1%
Online sales
20.3%
Retail gross margin
31.4%
Retail SG&A
40 basis points better
Retail adjusted EBITDA margin
11.1%
Retail adjusted EBITDA
6.5%
PC Financial revenue
3.9%
PC Financial adjusted net earnings
$9 million
Retail free cash flow
$432 million
Share repurchases
$648 million
Dividend increase
10%
Return on equity
26.8%
Return on capital
12.4%
Food CPI-like inflation
lower than 4.4%
Grocery CPI
4.4%
Hard-discount store openings
5
Drugstore openings
8
Store openings total
13
Automated distribution centers
2
Construction cost reduction
30%
PC Financial cash proceeds
about $600 million
PC Express / ChatGPT adoption
ahead of plan
Other Earnings Calls

Management

Mr. Per Bank
President, CEO & Member of Management Board

Per Bank is a noted business executive, serving as the new Chief Executive Officer of Loblaw Companies Ltd., a major Canadian food retailer and the largest in the country. Before joining Loblaw, Per Bank was the CEO of Salling Group, Denmark's largest retailer, where he was known for implementing transformative strategies that significantly enhanced the company's market presence and operational efficiencies. His leadership style is often characterized by a focus on customer-centric strategies, innovative retail solutions, and sustainable business practices. Bank has extensive experience in the retail sector, which has equipped him with a deep understanding of both European and global markets. This experience has been pivotal as he assumes his role at Loblaw, where he is expected to guide the company through the evolving retail landscape, with a keen eye on technology integration and consumer behavior trends. Bank's international experience and strategic acumen position him uniquely to influence Loblaw’s growth trajectory, focusing on innovation and responsiveness to market demands.

Mr. Richard Dufresne
CFO & Member of Management Board

Richard Dufresne is a prominent business executive who has held significant leadership roles within Loblaw Companies Limited, a leading Canadian food and pharmacy company. He has been a key player in the company's financial and strategic affairs. Richard Dufresne joined George Weston Limited, the parent company of Loblaw, in 2012 as Chief Financial Officer. He later assumed the dual roles of President and Chief Financial Officer for George Weston Limited, providing strategic oversight and financial expertise to both organizations. During his tenure, Dufresne played a crucial role in financial management, mergers and acquisitions, and corporate strategy, contributing to the growth and stability of Loblaw Companies Ltd. He has been recognized for his leadership in finance, helping to steer the company through various economic landscapes and ensuring shareholder value. Richard Dufresne's educational background includes a Bachelor of Commerce degree from Université Laval and a Chartered Professional Accountant designation, which have equipped him with a strong foundation in finance and accounting. His professional career prior to joining George Weston Limited also included significant roles in the retail and consumer sectors, further building his expertise in these industries.

Mr. Jeffery Leger
Member of Management Board & President of Shoppers Drug Mart

Jeff Leger is a prominent executive known for his leadership role at Loblaw Companies Limited, Canada's largest food retailer, and pharmacy leader. He serves as the President of Shoppers Drug Mart, a role he has held since January 2018. In this capacity, Mr. Leger is responsible for overseeing the operation and strategic direction of Shoppers Drug Mart, which is a subsidiary of Loblaw Companies Limited. Before becoming President, Jeff Leger had an extensive career within the organization, contributing a wealth of experience and expertise, particularly in the pharmacy sector. His leadership is instrumental in navigating the complexities of the retail and healthcare markets, emphasizing customer-centric strategies and innovation. Prior to his role at Shoppers Drug Mart, Leger held various senior positions, including leading the Loblaw pharmacy business. He is recognized for his strategic vision and commitment to integrating healthcare services into the retail environment, enhancing the customer experience, and expanding the range of health and wellness offerings. Jeff Leger has a strong background in pharmacy, having graduated with a Bachelor of Science in Pharmacy from Dalhousie University. His professional journey reflects his dedication to both the retail and pharmaceutical sectors, making significant contributions to the Canadian healthcare landscape through his leadership at Loblaw and Shoppers Drug Mart.

Mr. Mark W. H. Wilson
Executive VP, Chief Human Resources Officer & Member of Management Board
No Bio Available
Robert Wiebe
Chief Administrative Officer & Member of Management Board

Robert Wiebe was the Chief Administrative Officer at Loblaw Companies Ltd., one of Canada's largest food retailers. With a career spanning several decades at Loblaw, Wiebe played a critical role in overseeing and enhancing the company's operational efficiencies. He was responsible for leading various administrative functions, ensuring that the different facets of the business operated smoothly and effectively. In his role, Wiebe focused on optimizing Loblaw's supply chain, improving its logistics operations, and maintaining the quality and consistency of the services offered. His leadership helped navigate the company through numerous challenges in the retail industry, particularly as it adapted to changing consumer demands and technological advancements. Overall, Robert Wiebe's contributions have been pivotal in strengthening Loblaw's position in the competitive retail market, focusing on innovation, sustainability, and delivering value to both customers and shareholders.

Mr. Nicholas Henn
Executive VP, Chief Legal Officer, Secretary & Member of Management Board

Nicholas Henn is an executive at Loblaw Companies Limited, a Canadian food retailer. He serves as the Executive Vice President of Supply Chain and Procurement. In this role, he is responsible for overseeing the supply chain operations and procurement strategies of the company, ensuring efficient distribution and sourcing processes. Henn's leadership is crucial in maintaining Loblaw's strong position in the market by optimizing supply chain efficiencies and enhancing supplier relationships. He plays a key role in driving innovation and sustainability within the company's supply chain practices.

Dr. David Markwell
Executive VP, Chief Technology & Analytics Officer and Member of Management Board

Dr. David Markwell is the Chief Data Officer at Loblaw Companies Limited. In his role, he oversees the use of data and analytics to drive business decisions and improve customer experiences. With a strong background in data management and technology, Dr. Markwell plays a crucial part in the company's digital transformation initiatives. His expertise helps Loblaw leverage data-driven insights to enhance operations, optimize supply chains, and personalize offerings for its customers. Prior to joining Loblaw, Dr. Markwell held significant positions in other leading organizations, contributing his knowledge in data science and technology innovation. His leadership has been pivotal in positioning Loblaw as a forward-thinking company in the retail sector.

Frank Gambioli
President of Market & Superstore Division and Member of Management Board
No Bio Available
Mary MacIsaac
Senior VP of Marketing & Control Brands and Member of Management Board
No Bio Available
Lauren Steinberg
Senior VP of Loyalty, Media & Digital and Member of Management Board

Lauren Steinberg is an executive at Loblaw Companies Ltd., one of Canada's largest food retailers. She serves as the Senior Vice President of Loyalty and Consumer Insights. In this role, Lauren is responsible for overseeing the company's efforts in loyalty programs and the strategic use of consumer data to enhance customer engagement and improve the overall shopping experience. Her leadership at Loblaw focuses on leveraging data analytics and consumer insights to drive business growth and customer satisfaction. She has played a key role in strengthening Loblaw's loyalty programs, which are crucial in retaining customers in a highly competitive retail market. Through innovative strategies and initiatives, Lauren has contributed to enhancing the value proposition of Loblaw's offerings, ensuring they meet the evolving needs and preferences of their diverse customer base. Lauren's career is marked by her expertise in marketing, strategic planning, and consumer insights, which have been integral to her success at Loblaw Companies Ltd.

Contacts

Address
ONTARIO
Brampton
1 Presidents Choice Cir
Contacts
+14169655209.0
www.loblaw.ca
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