Loblaw Cos. Ltd.
reported $14.67 billion in revenue in the second quarter, a 5.2 per cent increase from the prior year, which it attributed to higher customer traffic and unit sales.
The company released its second quarter 2025 earnings results on Thursday, reporting a 5.4 per cent increase in retail sales to $14.39 billion.
Loblaw’s operating income was up by 42.7 per cent to $1.24 billion, while its adjusted EBIDTA was up 7.4 per cent to $1.84 billion.
Net earnings available to common shareholders were up 56.2 per cent to $714 million. On an adjusted basis, net earnings were $721 million, an 8.6 per cent increase.
Its diluted net earnings were $2.37 per share, up 60.1 per cent, an increase it said was driven by lower costs to certain assets associated with its acquisition of
Shoppers Drug Mart
in 2014.
On an adjusted basis, diluted net earnings per common share were $2.40, an increase of 11.6 per cent.
The company will hold its earnings call at 10 am.
• Email: dpaglinawan@postmedia.com
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Loblaw reports revenue surge as customer traffic and sales pick up
2025-07-24 13:15:49
