Loblaw Companies (LBLCF) Expected to Announce Earnings on Thursday

Loblaw Companies (OTCMKTS:LBLCF) is expected to be issuing its resultson Thursday, July 30th. Analysts expect Loblaw Companies to announce earnings of $0.4542 per share and revenue of $10.6135 billion for the quarter.

Loblaw Companies (OTCMKTS:LBLCF) last issued its earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.47 billion. Loblaw Companies had a return on equity of 25.89% and a net margin of 4.25%.

Loblaw Companies Stock Up 0.2%

LBLCF opened at $46.13 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.09 and a quick ratio of 0.61. Loblaw Companies has a 12 month low of $38.08 and a 12 month high of $50.29. The stock has a market capitalization of $53.35 billion and a P/E ratio of 35.21. The business has a 50 day simple moving average of $45.53 and a 200-day simple moving average of $45.92.

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.