Loblaw Companies (OTCMKTS:LBLCF) Issues Earnings Results

Key Points

• Loblaw reported quarterly EPS of $999.00, topping analysts' consensus of $0.37 by $998.63; the company reported a net margin of 4.13% and a return on equity of 25.43%.
• Shares traded down $2.29 to $44.11 on Wednesday on light volume (850 shares vs. an average of 15,084), while the stock carries a market capitalization of $51.42 billion and a price-to-earnings ratio of 46.43.
• Loblaw is Canada’s largest food and pharmacy retailer, operating more than 2,400 corporate and franchise stores under banners including Loblaws, No Frills, Real Canadian Superstore and Shoppers Drug Mart; ADRs trade on OTCMKTS as LBLCF.

Loblaw Companies (OTCMKTS:LBLCF - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $998.63, reports. Loblaw Companies had a net margin of 4.13% and a return on equity of 25.43%.

Loblaw Companies Price Performance

OTCMKTS LBLCF traded down $2.29 during trading hours on Wednesday, reaching $44.11. The company's stock had a trading volume of 850 shares, compared to its average volume of 15,084. The company's 50-day moving average is $45.96 and its two-hundred day moving average is $45.03. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.61. The firm has a market capitalization of $51.42 billion and a price-to-earnings ratio of 46.43. Loblaw Companies has a 1-year low of $37.99 and a 1-year high of $50.29.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.

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