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Loblaw Companies (LBLCF)
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Loblaw Companies (LBLCF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 20, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$1.55
Last Year’s EPS
$1.4
Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 13, 2024
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% Change Since: -2.05%
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Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced sentiment with steady financial performance and strategic growth initiatives in the hard discount segment and pharmacy services. However, challenges such as the Thanksgiving shift, pressure on front store sales due to exiting electronics, and currency-related inflation impacts were notable. The company remains confident in its strategic direction and future growth potential.
Company Guidance
During Loblaw Companies Limited's Q3 2024 earnings call, several key metrics were highlighted to provide guidance on the company's performance. Consolidated revenue grew by 1.5% to $18.5 billion, despite a negative impact from the shift in Thanksgiving, while adjusted EBITDA increased by 7.4%. Food Retail same-store sales, excluding the Thanksgiving timing impact, grew by 1.3%, with grocery CPI at 2.3%. Adjusted diluted net earnings per share rose by 10.6% to $2.50, with net earnings boosted by a $125 million recovery related to a PC Bank tax matter. Drug Retail same-store sales increased by 2.9%, with Pharmacy and healthcare services growing by 6.3%. Online sales experienced the highest growth in 2.5 years, at 18.5%. The company also anticipates opening 50 new stores in 2024, with a capital expenditure of approximately $2.3 billion. Looking ahead, Loblaw expects EPS growth for the year to be slightly higher than initially projected, with continued improvements in gross margin from shrink management and strategic investments in new store openings.
Steady Financial Performance
Consolidated revenue grew by 1.5% to $18.5 billion, and adjusted EBITDA increased by 7.4%.
Strong EPS Growth
Adjusted diluted net earnings per share grew by 10.6% to $2.50. On a GAAP basis, net earnings increased by 25% due to a recovery related to a PC Bank commodity tax matter.
Expansion and Growth in Hard Discount Segment
Opened 29 new Maxi and NoFrills stores in Q3, with plans to open a total of 50 new stores and convert 42 stores in 2024.
Positive Online Sales Momentum
Online sales increased by 18.5%, marking the highest growth rate in 2.5 years.
Pharmacy and Healthcare Services Growth
Same-store sales grew by 6.3%, driven by broad strength in prescription and new healthcare services.
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Loblaw Companies (LBLCF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

LBLCF Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 20, 20252024 (Q4)
1.55 / -
1.395
Nov 13, 20242024 (Q3)
1.70 / 1.74
1.57610.62% (+0.17)
Jul 25, 20242024 (Q2)
1.49 / 1.50
1.35310.82% (+0.15)
May 01, 20242024 (Q1)
1.19 / 1.20
1.08110.97% (+0.12)
Feb 22, 20242023 (Q4)
1.32 / 1.40
1.22813.64% (+0.17)
Nov 15, 20232023 (Q3)
1.56 / 1.58
1.40212.44% (+0.17)
Jul 26, 20232023 (Q2)
1.33 / 1.35
1.17914.79% (+0.17)
May 03, 20232023 (Q1)
1.08 / 1.08
0.94913.97% (+0.13)
Feb 23, 20232022 (Q4)
1.19 / 1.23
1.0615.79% (+0.17)
Nov 16, 20222022 (Q3)
1.37 / 1.40
1.10926.42% (+0.29)
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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LBLCF Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 13, 2024$134.16$130.01-3.09%
Jul 25, 2024$123.65$119.44-3.40%
May 01, 2024$109.18$111.02+1.69%
Feb 22, 2024$101.37$101.11-0.26%
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 Loblaw Companies (LBLCF) report earnings?
Loblaw Companies (LBLCF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
    What is Loblaw Companies (LBLCF) earnings time?
    Loblaw Companies (LBLCF) earnings time is at Feb 20, 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 LBLCF EPS forecast?
          LBLCF EPS forecast for the fiscal quarter 2024 (Q4) is $1.55.
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            Loblaw Companies (LBLCF) Earnings News

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            1y ago
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            2y ago
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            Loblaw Stock (TSE:L) Rises on Superb Q4-2022 Earnings Results
            2y ago
            Loblaw Beats on Earnings, Misses Revenue Estimates; Shares Down 3.8%
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            Market News
            Loblaw Beats on Earnings, Misses Revenue Estimates; Shares Down 3.8%
            2y ago
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