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Loblaw's Q2 profit up from a year ago amid higher customer traffic
MANITOBA, CANADA, JUL 24 – Loblaw's second-quarter profit rose 56.2% to $714 million, driven by higher customer traffic, basket size, and 61 new store openings across its retail network.
- For the quarter ending on June 14, 2025, Loblaw Companies Limited posted net earnings of $714 million, which translates to $2.37 for each diluted share.
- The profit increase followed growing customer traffic, larger basket sizes, and higher unit sales amid a U.S.-Canada tariff dispute and a 'Buy Canadian' movement.
- Loblaw's total revenue increased by 5.4% to reach $14.7 billion, driven by a 3.5% rise in food retail same-store sales and a 4.1% increase in drug retail same-store sales, along with the addition of 10 new stores and 12 new pharmacy clinics during the quarter.
- CEO Per Bank highlighted that hard discount stores continue to outperform and the company announced a 4-for-1 stock split to keep shares affordable for investors and employees.
- Loblaw confirmed its expectation for consistent profit growth in the high single-digit range for the year and indicated it will provide updated guidance with its third-quarter financial results amid continued market uncertainty.
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Loblaw's profits increased from year to year in the second quarter, thanks to an increase in traffic, the value of the average basket and the number of items sold.
·Montreal, Canada
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Winnipeg Free Press+13 Reposted by 13 other sources
Loblaw's Q2 profit up from a year ago amid higher customer traffic
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources26
Leaning Left9Leaning Right1Center3Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 23%
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