Last C$52.77 CAD
Change Today +0.17 / 0.32%
Volume 560.8K
L On Other Exchanges
Symbol
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As of 4:16 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

loblaw companies ltd (L) Snapshot

Open
C$52.54
Previous Close
C$52.60
Day High
C$52.81
Day Low
C$52.50
52 Week High
07/31/14 - C$54.25
52 Week Low
12/12/13 - C$40.80
Market Cap
21.8B
Average Volume 10 Days
646.7K
EPS TTM
C$0.51
Shares Outstanding
412.8M
EX-Date
09/11/14
P/E TM
104.3x
Dividend
C$0.98
Dividend Yield
1.83%
Current Stock Chart for LOBLAW COMPANIES LTD (L)

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loblaw companies ltd (L) Details

Loblaw Companies Limited operates as a food retailer and provider of drugstore, general merchandise, and financial products and services primarily in Canada and the United States. It operates through three segments: Retail, Financial Services, and Choice Properties. The Retail segment operates in conventional and discount banners. The conventional banners offer an assortment across various food and complementary categories; and the discount banners deliver a selection of fresh foods, health, apparel, and home needs. It owned store banners include Atlantic Superstore, Box by No Frills, Dominion, Extra Foods, Loblaws, Maxi, Maxi & Cie, Provigo, Provigo Le Marché, Real Canadian Superstore, T&T Supermarket, and Zehrs Markets as well as wholesale outlets operating as Cash & Carry, Presto, and The Real Canadian Wholesale Club. This segment’s franchised and affiliated stores brands comprise Atlantic SaveEasy, Extra Foods, Fortinos, Loblaw City Market, nofrills, Provigo, SuperValu, valu-mart, and Your Independent Grocer. The Financial Services segment provides credit card services, a retail loyalty program, insurance brokerage services, personal banking services, deposit taking services, and telecommunication services comprising gift card and mobile phone services. The Choice Properties segment owns and leases commercial properties. Loblaw Companies Limited also markets control brand products in the food, health and beauty, apparel, and general merchandise categories under brand names, including President’s Choice, PC, no name, Joe Fresh, PC Organics, Blue Menu, PC black label, Club Pack, Free From, The Decadent, PC G.R.E.E.N, PC Nutrition First, Exact, T&T, Teddy’s Choice, Tera Gear, Jump Kids World, and Everyday Essentials. The company was founded in 1956 and is headquartered in Brampton, Canada. Loblaw Companies Limited is a subsidiary of George Weston Limited.

Founded in 1956

loblaw companies ltd (L) Top Compensated Officers

Executive Chairman, President, Member of Mana...
Total Annual Compensation: C$1.0M
Chief Operating Officer and Member of Managem...
Total Annual Compensation: C$521.7K
Executive Vice President of Business Synergie...
Total Annual Compensation: C$521.7K
Chief Administrative Officer and Member of Ma...
Total Annual Compensation: C$520.2K
Compensation as of Fiscal Year 2013.

loblaw companies ltd (L) Key Developments

Loblaw Companies Limited Announces Appointment of Pavi Binning to Board of Directors

Loblaw Companies Limited announced the appointment of Pavi Binning as a director to the company. Mr. Binning currently serves as the President of George Weston Limited, and has been a director of George Weston Limited since 2012. He joined George Weston Limited in 2010 as the Chief Financial Officer after spending a year as a director of Loblaw Companies Limited. Prior to joining Weston, Mr. Binning was at Nortel Networks Corporation, where he held the role of CFO and subsequently Chief Restructuring Officer. Prior to that, Mr. Binning held CFO positions at both Hanson plc and Marconi Corporation plc, as well as executive positions at Diageo plc.

Loblaw Companies Limited Announces Distributions on Common and Preferred Shares, Payable on Oct. 1, 2014 and Oct. 31, 2014 Respectively

Loblaw Companies Limited announced distribution of $0.245 per share, payable on Oct. 1, 2014 to the shareholders of record on Sep. 15, 2014. The company also announced a distribution of $0.371875 per 2nd preferred share series A payable on Oct. 31, 2014 to holders of record on Oct. 15, 2014.

Loblaw Companies Limited Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 14, 2014; Announces Impairments for the Second Quarter Ended June 14, 2014; Provides Financial Guidance for the Third Quarter, Fourth Quarter and Full Year of 2014

Loblaw Companies Limited reported unaudited consolidated financial results for the second quarter and six months ended June 14, 2014. For the quarter, the company reported revenue of CAD 10,307 million compared to CAD 7,520 million a year ago, an increase of 37.1% over the second quarter of 2013. LBITDA was CAD 72 million compared to EBITDA of CAD 512 million a year ago. Adjusted EBITDA was CAD 799 million compared to CAD 518 million a year ago. Operating loss was CAD 456 million compared to operating income of CAD 321 million a year ago. Adjusted operating income was CAD 540 million compared to CAD 327 million a year ago. Net loss was CAD 456 million or CAD 1.13 diluted per share compared to net income of CAD 177 million or CAD 0.63 diluted per share million a year ago. Cash flows used in operating activities were CAD 959 million compared to CAD 572 million a year ago. Fixed asset purchases were CAD 222 million compared to CAD 190 million a year ago. Earnings before income taxes were CAD 26 million compared to CAD 18 million a year ago. Net earnings decreased by CAD 633 million compared to the second quarter of 2013 primarily driven by the decrease in operating income, the increase in net interest expense and other financing charges, partially offset by the change in income taxes. Adjusted net earnings increased by CAD 120 million primarily driven by higher adjusted operating income, mainly as a result of the acquisition of Shoppers Drug Mart, partially offset by higher net interest and other financing charges after excluding certain items described above and the increase in income tax expense on adjusted net earnings. For the six months, the company reported revenue of CAD 17,599 million compared to CAD 14,722 million a year ago. EBITDA was CAD 399 million compared to CAD 1,024 million a year ago Adjusted EBITDA was CAD 1,285 million compared to CAD 979 million a year ago. Operating loss was CAD 180 million compared to operating income of CAD 650 million a year ago. Adjusted operating income was CAD 831 million compared to CAD 605 million a year ago. Net loss was CAD 336 million or CAD 0.98 diluted per share compared to net income of CAD 363 million or CAD 1.29 diluted per share a year ago. Cash flows used in operating activities were CAD 913 million compared to CAD 543 million a year ago. Fixed asset purchases were CAD 338 million compared to CAD 309 million a year ago. Earnings before income taxes were CAD 49 million compared to CAD 37 million a year ago. Fixed asset and other related impairments for the second quarter ended June 14, 2014 were CAD 2 million compared to CAD 6 million a year ago. For fiscal 2014, the company expected approximately CAD 1.5 billion in depreciation and amortization, approximately CAD 400 million of which is related to the acquisition of the intangibles of Shoppers Drug Mart, and this will be excluded from adjusted operating results. The company continued to expect approximately CAD 575 million in interest expense for the full year of 2014. Tax rate for the year 2014 expected to be in the range of 26% to 27%. Capital budget for the year to be in the range of CAD 1.3 billion to CAD 1.4 billion. For the third quarter of 2014, the company expected interest expense of CAD 192 million. For the fourth quarter of 2014, the company expected interest expense of CAD 151 million.

 

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