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Loblaw Companies Ltd (L.TO)

L.TO on Toronto Stock Exchange

68.30CAD
11 Dec 2017
Change (% chg)

$0.11 (+0.16%)
Prev Close
$68.19
Open
$68.20
Day's High
$68.57
Day's Low
$68.06
Volume
333,398
Avg. Vol
523,752
52-wk High
$78.87
52-wk Low
$64.65

Latest Key Developments (Source: Significant Developments)

Competition Bureau closes investigation into allegations of abuse of dominance by Loblaw​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Competition Bureau::Competition Bureau says it is closing its investigation into allegations of "abuse of dominance" by Loblaw​.‍Competition Bureau says no conclusion of abuse of dominance in its investigation related to Loblaw.Competition Bureau says concluded no further action was warranted​ in relation to investigation.  Full Article

ALLIANCE DATA SYSTEMS' ‍PRECIMA SIGNS LONG-TERM AGREEMENT WITH LOBLAW COS LTD
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Alliance Data Systems Corp ::ALLIANCE DATA SYSTEMS CORP - ‍PRECIMA SIGNED A NEW LONG-TERM AGREEMENT WITH LOBLAW COMPANIES LIMITED​.ALLIANCE DATA - ‍PRECIMA WILL GIVE DATA TO SUPPORT MARKETING STRATEGY DEVELOPMENT, ALONG WITH A NUMBER OF OTHER SERVICES, ACROSS LOBLAW'S RETAIL NETWORK​.  Full Article

George Weston reports Q3 adjusted earnings per share of $2.14‍​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - George Weston Ltd :George Weston limited reports third quarter 2017 results(2).George Weston Ltd qtrly adjusted earnings per share $2.14‍​.George Weston Ltd qtrly ‍shr $3.25​.George Weston Ltd qtrly sales $14.65 billion versus $14.61 billion.George Weston Ltd - ‍subsequent to end of Q3, Weston Foods announced planned closure of unprofitable facility in U.S..George Weston Ltd - ‍ management expects to make capital investments of approximately $220 million in 2017​ for Weston Foods.George Weston Ltd - ‍performance of frozen business is "not expected to improve materially" in Q4 of 2017 for Weston Foods​.George Weston Ltd - Weston Foods expects closure of unprofitable facility in U.S. to be completed in Q1 of 2018​.George Weston -for 2017, sees growth in net earnings to be driven by net earnings increase at Loblaw, positive impact of increased ownership in Loblaw​.George Weston Ltd - management is "in the process of reviewing the strategy" in light of challenges at frozen foods business.Q3 earnings per share view c$2.15 -- Thomson Reuters I/B/E/S.George Weston Ltd - ‍Weston Foods expects adjusted EBITDA in Q4 of 2017 to trend in a similar fashion to Q3 of 2017 when compared to prior year​.  Full Article

Loblaw says ‍launched a fee-based subscription pilot program
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Loblaw Companies Ltd :Says ‍launched a fee-based subscription Pilot Program, PC Insiders; program availability is expected to expand in 2018​.  Full Article

Loblaw to begin Instacart home delivery of groceries - Conf Call‍​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Loblaw Companies Ltd ::Will begin Instacart home deliveries on Dec 6 in Toronto, then Vancouver in January, expanding rapidly to new markets in 2018 - Conf Call‍​.The front of store business, the Shopper Drug Mart "continues to be a real source of strength" for the company - Conf Call‍​.  Full Article

Loblaw ‍plans to create PC optimum program
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Loblaw Companies Ltd ::Loblaw Companies Ltd ‍plans to create PC optimum program, combining Pharmaprix Optimum and PC Plus programs on February 1, 2018​.Says ‍through single card/app, members will be able to earn and redeem loyalty points across stores, e-commerce sites​.  Full Article

‍Loblaw Companies says co, George Weston confirmed they are aware of an industry-wide investigation by the competition bureau​
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Loblaw Companies Ltd :‍Loblaw Companies - co, George Weston confirmed that they are aware of an industry-wide investigation by the competition bureau​.  Full Article

Loblaw agrees to buy Canadian healthcare technology company, QHR
Monday, 22 Aug 2016 

Loblaw Companies Ltd: Loblaw enters into agreement to purchase Canadian healthcare technology company, QHR . Deal for $3.10 in cash per each QHR share . Deal for approximately $170 million in aggregate .QHR shareholders who collectively control approximately 23% of QHR, have committed to vote in favor of transaction..  Full Article

Loblaw sees $1.3 billion in 2016 capital expenditures
Wednesday, 27 Jul 2016 

Loblaw Companies Ltd : Qtrly adjusted diluted net earnings per common share were $1.01 . Qtrly drug retail (shoppers drug mart) same-store sales growth was 4.0% . Q2 retail segment sales were $10,494 million, an increase of $176 million, or 1.7%, compared to q2 of 2015 . To return capital to shareholders by allocating a significant portion of free cash flow to share repurchases in 2016 . Sees for 2016 approximately $1.3 billion in capital expenditures . Q2 earnings per share view c$0.94, revenue view c$10.75 billion -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view c$3.86, revenue view c$46.57 billion -- Thomson Reuters I/B/E/S . Says . Qtrly revenue was $10,731 million, an increase of $196 million, or 1.9%, compared to q2 of 2015 . Qtrly diluted net earnings per common share were $0.39 . Qtrly food retail (loblaw) same-store sales growth was 0.7%, excluding gas bar . Says recorded an additional charge related to store closures of approximately $43 million in q2 . In 2016 to deliver positive same-store sales and stable gross margin in its retail segment .Says in 2016, company expects to grow adjusted net earnings.  Full Article

Loblaw - Recalling Joe Fresh ® Baby Girls' denim overalls
Saturday, 21 May 2016 

Loblaw Companies Ltd : Is voluntarily recalling Joe Fresh ® Baby Girls' Denim Overalls with style code bgu6op1905 . Snaps on garment have potential to be pulled off and may pose a choking hazard to children .One instance of a snap coming off garment has been reported and there have been no reports of injury.  Full Article

CORRECTED-Canada's Aphria to sell medical marijuana to Loblaws' pharmacy chain

TORONTO, Dec 4 Canadian marijuana producer Aphria Inc. said on Monday it had entered into an agreement to sell medical cannabis to Loblaw Companies' pharmacy chain Shoppers Drug Mart.