Company Earnings UpdateLoblaw (TSX: L) 1Q19 Results: Comp Growth Strengthens in Retail Coresight Research May 2, 2019 Executive Summary In 1Q19, ended March 23, Loblaw reported strengthening in same-store growth in both its food retail and drug retail segments. Operating income and adjusted EBITA were impacted by the IFRS 16 accounting change. Adjusted EBITDA of was up 42%, or C$313 million, and comfortably exceeded expectations Management maintained FY19 guidance for positive same-store sales and a stable gross margin in the retail segment. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 21: US Retail and Consumer DevelopmentsMusic Festivals: A Key Opportunity for Retail Brand EngagementCEO Brief: Agentic AI—Creating a Digital Workforce to Achieve Enormous Leaps in EfficiencyAnalyst Corner: From Models to Markets—The Accelerating Shift Toward AI Applications, with Charlie Poon
