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: Analyst Corner: Retail Innovation in China, with Anand Kumar—Three Opportunities for Brands and RetailersWeekly US and UK Store Openings and Closures Tracker 2024, Week 28: Big Lots To Close Stores; Hudson’s Bay Company Acquires Neiman MarcusWeekly US and UK Store Openings and Closures Tracker 2023, Week 17: Bed Bath & Beyond Drives US ClosuresWeinswig’s Weekly: Helping the Retail Ecosystem Understand Generative AI and Its Opportunities
