Record Revenue and Growth
Loblaw Companies Limited achieved a record revenue of $61 billion for the fiscal year 2024, surpassing $60 billion for the first time, with adjusted earnings of more than $2.6 billion and adjusted EPS growth of 10.3%.
Significant Shareholder Returns
The company repurchased $1.8 billion worth of shares and increased its dividend per share by 13.9%.
Expansion and Investment
Loblaw accelerated capital investments by adding 52 new Food and Drug Retail stores and 78 pharmacy care clinics, representing a 1.1% square footage growth, and plans to reinvest over $10 billion into the Canadian economy over the next five years.
Strong Online Sales Growth
Online sales increased by 18.4% in Q4, with full-year sales growing 16.9% to $3.9 billion.
T&T Supermarket Success
The first T&T supermarket in Seattle, Washington, set a new sales record, being the fastest-growing banner in the company's network.