trending Market Intelligence /marketintelligence/en/news-insights/trending/Gr7Dhjqsw8w_KBZDBtO4wQ2 content esgSubNav
In This List

Loblaw profit misses consensus by 44.6% in fiscal Q2

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Loblaw profit misses consensus by 44.6% in fiscal Q2

Loblaw Cos. Ltd. said its normalized net income for the fiscal second quarter ended June 20 came to 46 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 83 cents per share.

EPS rose year over year from 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$190.9 million, a gain from C$42.5 million in the year-earlier period.

The normalized profit margin increased to 1.8% from 0.4% in the year-earlier period.

Total revenue increased year over year to C$10.54 billion from C$10.31 billion, and total operating expenses came to C$10.13 billion, compared with C$10.09 billion in the prior-year period.

Reported net income came to C$183.3 million, or 44 cents per share, compared to a loss of C$455.4 million, or a loss of C$1.13 per share, in the year-earlier period.