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Loblaw (TSE: L) 4Q15 Results: Earnings Hit by Write-Downs, Aims for Positive Comps and Stable Margins in 2016

Executive Summary

  • Loblaw reported 4Q15 adjusted EPS of C$0.88, an increase of 6.0% and below the consensus estimate of C$0.90. The company reported that 4Q15 revenue increased by 2.3%, to C$10.9 billion, beating the consensus estimate of C$10.8 billion.
  • GAAP net income was down 34.4%, to C$128 million, due to the impact of write-downs and special items.



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