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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Loblaw Companies Limited    L   CA5394811015

LOBLAW COMPANIES LIMITED

(L)
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Delayed Quote. Delayed Toronto Stock Exchange - 01/15 04:20:22 pm
64.22 CAD   +1.90%
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Loblaw : Canada's Loblaw results beat as online sales surge

11/12/2020 | 07:06am EST

(Reuters) - Canadian retailer Loblaw Cos Ltd beat analysts' estimates for quarterly revenue and profit on Thursday, boosted by online sales as stuck-at home consumers spend more on groceries during the COVID-19 pandemic.

Loblaw, which sells everything from beauty products to mobile connections, said it would invest more to expand the pick-up and delivery operation while aiming to reduce costs amid the coronavirus crisis.

The company's online sales more than doubled in the third quarter.

Net earnings attributable to its shareholders rose to C$345 million ($264 million), or 96 Canadian cents per share, in the quarter ended Oct. 3, from C$334 million, or 90 Canadian cents per share, a year earlier.

Excluding one-time items, Loblaw earned C$1.30 per share, beating the average analyst estimate of C$1.26 per share, according to IBES data from Refinitiv.

Loblaw, a subsidiary of the biggest Canadian retail group George Weston, posted revenue of C$15.67 billion, a 6.9% rise from a year earlier and above analysts' estimate of C$15.61 billion.

(Reporting by Mehr Bedi in Bengaluru; Editing by Maju Samuel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASSOCIATED BRITISH FOODS PLC -0.27% 2249 Delayed Quote.-0.66%
LOBLAW COMPANIES LIMITED 1.90% 64.22 Delayed Quote.2.24%
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Financials
Sales 2020 52 495 M 41 198 M 41 198 M
Net income 2020 968 M 760 M 760 M
Net Debt 2020 7 181 M 5 636 M 5 636 M
P/E ratio 2020 23,7x
Yield 2020 1,98%
Capitalization 22 613 M 17 756 M 17 747 M
EV / Sales 2020 0,57x
EV / Sales 2021 0,58x
Nbr of Employees 190 000
Free-Float 44,4%
Chart LOBLAW COMPANIES LIMITED
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Loblaw Companies Limited Technical Analysis Chart | L | CA5394811015 | MarketScreener
Technical analysis trends LOBLAW COMPANIES LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 78,08 CAD
Last Close Price 64,22 CAD
Spread / Highest target 65,1%
Spread / Average Target 21,6%
Spread / Lowest Target 9,00%
EPS Revisions
Managers and Directors
NameTitle
Galen G. Weston Chairman & Chief Executive Officer
Sarah Ruth Davis President
Darren G. Myers Chief Financial Officer
Christie James Beckett Clark Independent Director
Warren F. Bryant Independent Director
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