Loblaw has demonstrated strong growth and operational performance in the first quarter of 2025, with significant expansions and strategic investments driving revenue. However, challenges such as increased costs, tariff impacts, and pressures on profit margins temper the results.

Company Guidance -

Q1 2025

In the Loblaw Inc. First Quarter 2025 Results Conference Call, the company reported strong financial and operational performance, setting a robust foundation for the year. Key metrics included a consolidated revenue growth of 4.1% reaching $14.1 billion, and an adjusted EBITDA increase of 3%. Adjusted diluted net earnings per share rose by 9.3% to $1.88, while GAAP net earnings per share increased by 12.9%. The Food Retail segment saw a 4% increase in absolute sales, with same-store sales growing by 2.2%. The Drug Retail segment reported a 4.4% rise in absolute sales and a 3.8% increase in same-store sales, driven by a 6.4% growth in Pharmacy and Healthcare services. Online sales surged by 17.4%, with delivery leading the growth in the online grocery channel. The company also highlighted a 10% dividend increase and a return on equity of 24.4%, supported by strategic investments in new stores and banner conversions. Looking ahead, Loblaw remains confident in maintaining momentum into the second quarter, with a strong start in same-store sales and continued expansion efforts.

Strong Revenue and Earnings Growth

Loblaw reported a consolidated revenue growth of 4.1%, reaching $14.1 billion. Adjusted diluted net earnings per share grew by 9.3% to $1.88, and on a GAAP basis, net earnings per share increased by 12.9%.

Solid Performance in Retail and Drug Segments

In Food Retail, same-store sales increased by 2.2% with absolute sales growing by 4%. Drug Retail reported absolute sales growth of 4.4% and same-store sales growth of 3.8%, with strong performance in pharmacy and healthcare services.

Online Sales Growth

Online sales increased by 17.4% across Loblaw's retail businesses, with delivery leading growth in the online grocery channel.

Successful Store Expansions

Loblaw opened 10 new stores in Q1, with more planned throughout the year. Hard discount banners continue to outperform, driving double-digit growth in absolute sales and tonnage.

Loblaw Companies (LBLCF) Earnings, Revenues Date & History

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LBLCF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2025	2025 (Q2)	1.69 / -	1.568	―	―	―
Apr 30, 2025	2025 (Q1)	1.36 / 1.37	1.255	9.30% (+0.12)	―
Feb 20, 2025	2024 (Q4)	1.61 / 1.60	1.459	10.00% (+0.15)
Nov 13, 2024	2024 (Q3)	1.78 / 1.82	1.648	10.62% (+0.18)
Jul 25, 2024	2024 (Q2)	1.56 / 1.57	1.415	10.82% (+0.15)
May 01, 2024	2024 (Q1)	1.24 / 1.25	1.131	10.97% (+0.12)
Feb 22, 2024	2023 (Q4)	1.38 / 1.46	1.284	13.64% (+0.18)
Nov 15, 2023	2023 (Q3)	1.63 / 1.65	1.466	12.44% (+0.18)
Jul 26, 2023	2023 (Q2)	1.39 / 1.42	1.233	14.79% (+0.18)
May 03, 2023	2023 (Q1)	1.13 / 1.13	0.992	13.97% (+0.14)

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

LBLCF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2025	$156.92	$161.73	+3.07%
Feb 20, 2025	$125.18	$122.64	-2.03%
Nov 13, 2024	$133.44	$129.32	-3.09%
Jul 25, 2024	$122.99	$118.81	-3.40%

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.