The earnings call reflected strong financial performance and growth, particularly in revenue and store expansion. Despite some challenges with vendor cost increases and tariffs, the overall outlook remains positive with strategic investments and successful market share gains.

Company Guidance

During the Loblaw Companies Limited Second Quarter 2025 Results Call, the company reported strong financial performance driven by strategic initiatives and market share gains. Revenue grew by 5.2% to $14.5 billion, a $725 million increase from the previous year, with adjusted EBITDA rising 7.4% to $1.8 billion. The company achieved a remarkable 11.6% increase in adjusted diluted EPS to $2.40, while GAAP net earnings per share surged by 60%, partly due to completed amortization of the Shoppers Drug Mart acquisition. Food retail saw a 5.8% growth in absolute sales, outpacing same-store sales by 230 basis points, while drug retail posted a 4.8% increase in absolute sales. Loblaw's internal CPI-like food inflation was lower than Canada's grocery CPI, and online sales jumped 17.5%. The company also announced a 4-for-1 stock split, with new stores and AI-driven operational improvements contributing to positive outlooks for future growth.

Strong Revenue Growth

Revenue growth of 5.2% reaching $14.5 billion, an increase of $725 million over last year. Excluding divestitures, revenue growth would have been 5.4%.

Increased Earnings

Adjusted EBITDA increased by 7.4% to $1.8 billion, and adjusted diluted earnings per share grew by 11.6% to $2.40. GAAP net earnings per share increased by 60%.

Food Retail Tonnage Growth

Sales tonnage and basket growth led to significant market share gains, with food same-store sales increasing by 3.5%.

Expansion and New Store Openings

Opened 10 new stores this quarter, with 20 out of the planned 80 new stores for the year already operational.

Successful U.S. Store Performance

The Seattle TNT store significantly exceeded sales expectations, contributing positively to overall performance.

Digital Sales Growth

Online sales increased by 17.5%, driven by strength in the PCX delivery channel.

AI Integration in Supply Chain

AI-driven initiatives are improving supply chain operations, including inventory management and transport scheduling.

4-for-1 Stock Split

Announced a stock split effective August 18, 2025, with shareholders of record receiving three additional shares for each common share held.

Loblaw Companies (TSE:L) Earnings, Revenues Date & History

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TSE:L Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.68 / -	0.625	―	―	―
Jul 24, 2025	2025 (Q2)	0.58 / 0.60	0.538	11.52% (+0.06)
Apr 30, 2025	2025 (Q1)	0.47 / 0.47	0.43	9.30% (+0.04)
Feb 20, 2025	2024 (Q4)	0.55 / 0.55	0.5	10.00% (+0.05)
Nov 13, 2024	2024 (Q3)	0.61 / 0.63	0.565	10.62% (+0.06)
Jul 25, 2024	2024 (Q2)	0.54 / 0.54	0.485	10.93% (+0.05)
May 01, 2024	2024 (Q1)	0.42 / 0.43	0.388	10.82% (+0.04)
Feb 22, 2024	2023 (Q4)	0.47 / 0.50	0.44	13.64% (+0.06)
Nov 15, 2023	2023 (Q3)	0.56 / 0.56	0.502	12.55% (+0.06)
Jul 26, 2023	2023 (Q2)	0.48 / 0.48	0.422	14.93% (+0.06)

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

TSE:L Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	C$54.38	C$55.59	+2.22%
Apr 30, 2025	C$54.45	C$55.81	+2.49%
Feb 20, 2025	C$44.63	C$43.46	-2.62%
Nov 13, 2024	C$46.48	C$45.36	-2.41%

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.