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Loews Corp (L)
NYSE:L
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
1.98Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -4.37%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant revenue and market share growth, supported by strategic expansions and digital sales gains. However, there were challenges such as decreased GAAP net earnings due to a non-cash charge, impacts from the Canada Post strike, vendor price increases, currency fluctuations, and a strategic exit from the electronics category. Overall, the positives slightly outweigh the negatives, indicating a positive sentiment.Company Guidance
In the fourth quarter of 2024, Loblaws Incorporated reported strong financial performance, with full-year revenue reaching $61 billion and adjusted earnings surpassing $2.6 billion. The company achieved a 2.9% increase in consolidated revenue for the quarter, totaling $14.9 billion, while adjusted EBITDA grew by 4%. Adjusted diluted net earnings per share rose by 10% to $2.20, although GAAP net earnings decreased by 14.6% due to a $129 million non-cash charge related to the PC Optimum program. Loblaws repurchased $1.8 billion worth of shares and increased its dividend per share by 13.9%. The company also expanded its retail footprint by adding 52 new food and drug retail stores and 78 pharmacy care clinics, representing a 1.1% increase in square footage. Looking ahead, Loblaws plans to invest over $10 billion in the Canadian economy over the next five years, including opening 80 new stores and approximately 100 pharmacist care clinics in 2025. Despite challenges such as inflationary pressures and a declining Canadian dollar, the company anticipates high single-digit growth in adjusted earnings per share for 2025, bolstered by an additional fiscal week and continued investment in its retail and distribution networks.Record Revenue and Earnings Growth
Loblaws reported full-year revenue of $61 billion and adjusted earnings of over $2.6 billion. Adjusted diluted net earnings per share grew by 10% to $2.20.
Expansion and Investment Plan
Loblaws plans to reinvest over $10 billion into the Canadian economy over the next five years, including opening another 80 stores and approximately 100 pharmacist care clinics in 2025.
Market Share and Sales Growth
Loblaws reported its best full-year food market share growth in more than a decade, with absolute sales growth of 3.7% and same-store sales increasing by 2.5%.
Strong Digital Sales Performance
Online sales increased by 18.4% in the quarter, with full-year sales growing by 16.9% to $3.9 billion.
Successful New Store Openings
Loblaws opened 26 new grocery stores in Q4, including its first TNT supermarket in Seattle, Washington, and concluded its network optimization initiative in Quebec.
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L Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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L Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $86.77 | $85.94 | -0.96% |
| Nov 04, 2024 | $79.27 | $76.51 | -3.48% |
| Jul 29, 2024 | $80.03 | $78.80 | -1.54% |
| May 06, 2024 | $76.28 | $77.61 | +1.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Loews Corp (L) report earnings?
Loews Corp (L) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Loews Corp (L) earnings time?
Loews Corp (L) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is L EPS forecast?
Currently, no data Available
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