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Loblaw (TO: L) 1Q16 RESULTS: ADJUSTED EARNINGS MEET CONSENSUS

Executive Summary

  • Loblaw Companies reported that 1Q16 revenues were up 3.3%, in line with the consensus estimate.
  • Adjusted to include the consolidation of franchises, net earnings came in at C$338 million, up 12.3% and fractionally ahead of consensus.
  • Adjusted diluted EPS of C$0.82 was in line with consensus.

 

 

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