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Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States. It operates through two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores. This segment also includes in-store pharmacies, health care services, other health and beauty product stores, apparel stores, and other general merchandise stores. Its Financial Services segment provides credit card and banking services, the PC Optimum loyalty program, insurance brokerage services, and telecommunication services. The company offers PC Health app, which provides healthcare resources and support services; and outpatient physiotherapy, massage and occupational therapy, chiropractic, mental health, and other rehabilitation services. It sells its products and services under the President's Choice, PC, Life Brand, no name, Farmer's Market, and Joe Fresh brands through its hard discount format stores under the No Frills and Maxi brands; supermarket format stores under the Loblaws, Zehrs, Your Independent Grocer, Real Canadian Superstore, Real Atlantic Superstore, Provigo, City Market, brands; and stand-alone drug stores under the Shoppers Drug Mart and Pharmaprix brands. The company also operates T&T Supermarket stores serving Asian grocery markets; provides online grocery ordering and pickup services through PC Express; and offers banking and financial services through PC Financial. The company was founded in 1919 and is headquartered in Brampton, Canada. Loblaw Companies Limited is a subsidiary of George Weston Limited.
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Loblaw Companies Limited is Canada's largest food retailer operating supermarkets, pharmacies and associated financial and apparel brands through a nationwide store network and digital channels. Long-term growth may be supported by scale advantages, expansion of online grocery and pharmacy services, strength of private-label brands and loyalty-program monetization, which could support stable cash flows.
The primary investment risk is sustained margin pressure from intense competition and rising input, labour and fulfillment costs that could erode profitability.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 3682.00M | 3081.00M | 2901.00M | 2659.00M | 2442.00M |
| Minority interest | -71.00M | -104.00M | -87.00M | -73.00M | -101.00M |
| Net income | 2667.00M | 2171.00M | 2100.00M | 1921.00M | 1875.00M |
| Selling general administrative | 15608.00M | 15792.00M | 15333.00M | 14582.00M | 13797.00M |
| Gross profit | 19883.00M | 19726.00M | 19037.00M | 17976.00M | 16734.00M |
| Reconciled depreciation | 2736.00M | 2966.00M | 2906.00M | 2795.00M | 2664.00M |
| Ebit | 4462.00M | 3940.00M | 3738.00M | 3342.00M | 2937.00M |
| Ebitda | 7196.00M | 6906.00M | 6644.00M | 6143.00M | 5794.00M |
| Depreciation and amortization | 2734.00M | 2966.00M | 2906.00M | 2801.00M | 2857.00M |
| Operating income | 4462.00M | 3902.00M | 3704.00M | 3342.00M | 2937.00M |
| Other operating expenses | 59441.00M | 57112.00M | 55825.00M | 53162.00M | 50233.00M |
| Interest expense | 763.00M | 854.00M | 837.00M | 689.00M | 688.00M |
| Tax provision | 1080.00M | 806.00M | 714.00M | 665.00M | 466.00M |
| Interest income | 22.00M | 812.00M | 34.00M | 693.00M | 673.00M |
| Net interest income | -742.00M | -821.00M | -803.00M | -683.00M | -495.00M |
| Income tax expense | 1080.00M | 806.00M | 714.00M | 665.00M | 466.00M |
| Total revenue | 63903.00M | 61014.00M | 59529.00M | 56504.00M | 53170.00M |
| Total operating expenses | 15421.00M | 15824.00M | 15333.00M | 14634.00M | 13797.00M |
| Cost of revenue | 44020.00M | 41288.00M | 40492.00M | 38528.00M | 36436.00M |
| Total other income expense net | -780.00M | -821.00M | -803.00M | -683.00M | -495.00M |
| Net income from continuing ops | 2602.00M | 2275.00M | 2187.00M | 1994.00M | 1976.00M |
| Net income applicable to common shares | - | 2155.00M | 2088.00M | 1909.00M | 1863.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 41577.00M | 40880.00M | 38979.00M | 38147.00M | 36614.00M |
| Intangible assets | 5160.00M | 5446.00M | 5994.00M | 6505.00M | 6402.00M |
| Other current assets | 6106.00M | 376.00M | 324.00M | 353.00M | 340.00M |
| Total liab | 30385.00M | 29614.00M | 27360.00M | 26691.00M | 24877.00M |
| Total stockholder equity | 11028.00M | 11091.00M | 11464.00M | 11299.00M | 11573.00M |
| Other current liab | 5162.00M | - | 725.00M | 919.00M | 887.00M |
| Common stock | 6090.00M | - | 6256.00M | 6465.00M | 6631.00M |
| Capital stock | 6075.00M | 6196.00M | 6477.00M | 6686.00M | 6852.00M |
| Retained earnings | 4804.00M | 4748.00M | 4816.00M | 4461.00M | 4591.00M |
| Other liab | - | - | - | 1823.00M | 1928.00M |
| Good will | 4433.00M | 4372.00M | 4349.00M | 4323.00M | 3949.00M |
| Other assets | - | - | - | 302.00M | 877.00M |
| Cash | 1002.00M | 1462.00M | 1488.00M | 1608.00M | 1976.00M |
| Cash and equivalents | - | - | - | 584.00M | 1127.00M |
| Total current liabilities | 13870.00M | 11768.00M | 10847.00M | 10098.00M | 9196.00M |
| Current deferred revenue | - | - | 289.00M | 125.00M | 75.00M |
| Net debt | 24133.00M | 7539.00M | 16685.00M | 15998.00M | 14578.00M |
| Short term debt | 1584.00M | - | 3509.00M | 2836.00M | 2801.00M |
| Short long term debt | - | 1431.00M | 2054.00M | 1435.00M | 1504.00M |
| Short long term debt total | 25135.00M | - | 18173.00M | 17606.00M | 16554.00M |
| Other stockholder equity | 111.00M | - | 136.00M | 122.00M | 116.00M |
| Property plant equipment | - | - | - | 13105.00M | 12622.00M |
| Total current assets | 14928.00M | 14548.00M | 13578.00M | 13376.00M | 12637.00M |
| Long term investments | 202.00M | 231.00M | 396.00M | 399.00M | 127.00M |
| Net tangible assets | - | - | - | 250.00M | 1001.00M |
| Short term investments | 39.00M | 648.00M | 464.00M | 326.00M | 464.00M |
| Net receivables | 1290.00M | 5685.00M | 5430.00M | 5153.00M | 4691.00M |
| Long term debt | 5891.00M | 7570.00M | 6661.00M | 7056.00M | 6211.00M |
| Inventory | 6491.00M | 6330.00M | 5820.00M | 5855.00M | 5166.00M |
| Accounts payable | 7124.00M | 7531.00M | 6324.00M | 6218.00M | 5433.00M |
| Accumulated other comprehensive income | 23.00M | - | 35.00M | 30.00M | 14.00M |
| Non currrent assets other | 444.00M | 222.00M | 529.00M | 353.00M | 786.00M |
| Non current assets total | 26649.00M | 26332.00M | 25401.00M | 24771.00M | 23977.00M |
| Capital lease obligations | 10414.00M | 10183.00M | 9458.00M | 9115.00M | 8839.00M |
| Long term debt total | - | - | - | 14770.00M | 13753.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 45.00M | -2021.00M | -1845.00M | -2368.00M | -164.00M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -1888.00M | -2021.00M | -1845.00M | -2368.00M | -1271.00M |
| Net borrowings | -986.00M | -794.00M | -845.00M | -213.00M | -1010.00M |
| Total cash from financing activities | -3986.00M | -3816.00M | -3932.00M | -2751.00M | -3249.00M |
| Change to operating activities | - | - | - | -1002.00M | -212.00M |
| Net income | 2531.00M | 2275.00M | 2187.00M | 1994.00M | 1976.00M |
| Change in cash | -460.00M | -26.00M | -120.00M | -368.00M | 308.00M |
| Begin period cash flow | 1462.00M | 1488.00M | 1608.00M | 1976.00M | 1668.00M |
| End period cash flow | 1002.00M | 1462.00M | 1488.00M | 1608.00M | 1976.00M |
| Total cash from operating activities | 5809.00M | 5802.00M | 5654.00M | 4755.00M | 4827.00M |
| Issuance of capital stock | 59.00M | 147.00M | 61.00M | 88.00M | 102.00M |
| Depreciation | 2734.00M | 2966.00M | 2906.00M | 2795.00M | 2664.00M |
| Other cashflows from investing activities | -33.00M | -95.00M | -87.00M | -797.00M | -19.00M |
| Dividends paid | 812.00M | -459.00M | -562.00M | 529.00M | 484.00M |
| Change to inventory | -161.00M | -510.00M | 35.00M | - | - |
| Change to account receivables | 128.00M | -275.00M | -391.00M | -512.00M | -302.00M |
| Sale purchase of stock | -2169.00M | -1826.00M | -1801.00M | -1396.00M | -1250.00M |
| Other cashflows from financing activities | -1333.00M | -884.00M | -785.00M | 1367.00M | 165.00M |
| Change to netincome | - | - | - | 1041.00M | 500.00M |
| Capital expenditures | 1712.00M | 2200.00M | 2072.00M | 1571.00M | 1182.00M |
| Change in working capital | -134.00M | 135.00M | -168.00M | -1007.00M | -232.00M |
| Stock based compensation | - | - | 72.00M | - | - |
| Other non cash items | 678.00M | -380.00M | 15.00M | 308.00M | 142.00M |
| Free cash flow | 4097.00M | 3602.00M | 3582.00M | 3184.00M | 3645.00M |
Sector: Consumer Defensive Industry: Grocery Stores
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| L Loblaw Companies Limited |
0.73 1.05% |
70.05 | 29.49 | 23.81 | 1.14 | 6.56 | 1.36 | 12.13 |
| WN George Weston Limited |
2.26 2.08% |
111.01 | 36.80 | 19.84 | 0.57 | 8.15 | 0.86 | 7.75 |
| MRU Metro Inc. |
1.54 1.57% |
99.72 | 20.41 | 17.95 | 0.89 | 2.80 | 1.10 | 11.78 |
| WN-PA George Weston Prf |
0.20 0.79% |
25.50 | 6.97 | - | 0.23 | - | - | - |
| WN-PE George Weston 4.75 Ser V Prf |
0.11 0.52% |
21.15 | 5.84 | - | 0.22 | - | - | - |
Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States. It operates through two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores. This segment also includes in-store pharmacies, health care services, other health and beauty product stores, apparel stores, and other general merchandise stores. Its Financial Services segment provides credit card and banking services, the PC Optimum loyalty program, insurance brokerage services, and telecommunication services. The company offers PC Health app, which provides healthcare resources and support services; and outpatient physiotherapy, massage and occupational therapy, chiropractic, mental health, and other rehabilitation services. It sells its products and services under the President's Choice, PC, Life Brand, no name, Farmer's Market, and Joe Fresh brands through its hard discount format stores under the No Frills and Maxi brands; supermarket format stores under the Loblaws, Zehrs, Your Independent Grocer, Real Canadian Superstore, Real Atlantic Superstore, Provigo, City Market, brands; and stand-alone drug stores under the Shoppers Drug Mart and Pharmaprix brands. The company also operates T&T Supermarket stores serving Asian grocery markets; provides online grocery ordering and pickup services through PC Express; and offers banking and financial services through PC Financial. The company was founded in 1919 and is headquartered in Brampton, Canada. Loblaw Companies Limited is a subsidiary of George Weston Limited.
1 President's Choice Circle, Brampton, ON, Canada, L6Y 5S5
905-459-2500
220000
| Name | Title | Year Born |
|---|---|---|
| Mr. Galen G. Weston B.A., M.B.A, M.B.A. | Exec. Chairman, Pres, CEO & Member of Management Board | 1973 |
| Mr. Richard Dufresne | CFO & Member of Management Board | NA |
| Ms. Jocyanne C. Bourdeau | Pres of Discount Division & Member of Management Board | 1968 |
| Mr. Greg Ramier | Pres of Market Division & Member of Management Board | NA |
| Mr. Robert Sawyer | COO & Member of Management Board | 1954 |
| Mr. Barry Kieran Columb | Pres of Pres's Choice Financial & Member of Management Board | 1965 |
| Mr. Kevin Groh | Sr. VP of Corp. Affairs & Communications and Member of Management Board | NA |
| Mr. Mark W. H. Wilson | Exec. VP, Chief HR Officer & Member of Management Board | 1971 |
| Mr. Ian Freedman | Member of Management Board & Pres of Joe Fresh | NA |
| Mr. Jeffery Leger | Member of Management Board & Pres of Shoppers Drug Mart | NA |
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