Loblaw Companies (OTCMKTS:LBLCF) Announces Quarterly Earnings Results

Loblaw Companies (OTCMKTS:LBLCF) posted its earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03), Zacks reports. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $12.23 billion. Loblaw Companies had a net margin of 4.13% and a return on equity of 25.38%.

Loblaw Companies Stock Performance

Shares of LBLCF stock traded down $0.15 during trading on Friday, reaching $46.55. The company had a trading volume of 120,525 shares, compared to its average volume of 16,352. The firm’s 50 day simple moving average is $46.52 and its two-hundred day simple moving average is $48.38. Loblaw Companies has a one year low of $31.16 and a one year high of $50.29. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.35 and a quick ratio of 0.74. The company has a market capitalization of $54.55 billion and a PE ratio of 93.10.

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.