Loblaw Companies (OTCMKTS:LBLCF) Issues Earnings Results

Loblaw Companies (OTCMKTS:LBLCF) released its earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01), Zacks reports. Loblaw Companies had a net margin of 4.25% and a return on equity of 25.80%. The business had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.47 billion.

Loblaw Companies Stock Performance

OTCMKTS:LBLCF traded up $0.02 during midday trading on Friday, reaching $44.20. 1,111 shares of the company traded hands, compared to its average volume of 14,730. The firm has a market capitalization of $51.38 billion and a price-to-earnings ratio of 46.53. The company has a fifty day moving average price of $45.73 and a 200 day moving average price of $45.07. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.61. Loblaw Companies has a twelve month low of $37.99 and a twelve month high of $50.29.

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.