While reporting financial results for the fourth quarter on Wednesday, Canadian food retailer Loblaw Cos. Ltd. (L.TO) initiated its adjusted earnings per share growth guidance for the full-year 2026.
For fiscal 2026, the company now projects year-over-year adjusted net earnings per share growth in the high single-digits, excluding the impact of the 53rd week.
For the fourth quarter, the company reported net earnings available to common shareholders of C$656 million or C$0.55 per share, higher than C$462 million or C$0.38 per share in the prior-year quarter. Net earnings from continuing operations increased to C$0.51 per share from C$0.37 per share last year.
Excluding items, adjusted net earnings available to common shareholders were C$0.67 per share, compared to C$0.55 per share in the year-ago quarter. Adjusted net earnings from continuing operations were C$0.63 per share, compared to last year's C$0.52 per share.
Revenues for the quarter grew 11.3 percent to C$16.38 billion from C$14.73 billion in the same quarter last year. Comparable revenues increased 3.5 percent.
Subsequent to the end of the fourth quarter of 2025, the Board of Directors declared a quarterly dividend of $0.141075 per common share, payable on April 1, 2026 to shareholders of record on March 15, 2026.
L.TO closed Tuesday's regular trading session in Toronto at C$67.52, down $1.74 or 2.51 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.