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: NRF 2025: Retail’s Big Show: Day Two—Diving into Loyalty and Sustainability with Sephora, Target, Walmart and OthersSNAP Policy Changes and Funding Cuts: Impact on RetailersWeekly US Store Openings and Closures Tracker 2025, Week 15: Guess? To Close Nearly 20 StoresBlack Friday 2025: Key Insights from US Stores—Solid Shopper Demand, Some True Doorbusters and Greater Omnichannel Integration
