Company Earnings Update 3 minutesRegister for Free AccessLoblaw (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? Register for a free user account. This document was generated for Other research you may be interested in: May 2023 China Retail Sales: Growth Eases, Breaking Upward MomentumShein in Fast Fashion—Update: Establishing Dominance Through New Strategies and Business Expansion PlansChina Consumer Tracker: Consumer Sentiment Continues To FluctuateAnalyst Corner—AI: An Overutilized Phrase; an Underutilized Solution, with Manik Bhatia
