Company Overview

Loblaw Companies Limited (TSX: L) is one of Canada's largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.

As per the previous Report published on “L” as on 5^th May 2025, Kalkine provided a “Buy” stance on the stock at CAD 225.02.

Noted below are the details of support and resistance levels provided in the previous report:

Stock-split Update

Loblaw Companies announced a four-for-one stock split, giving shareholders three extra shares for each one they own. The split applies to shareholders on record as of August 14, 2025. Trading on a post-split basis starts August 19, 2025. The split does not reduce the investment value, it supports higher trading volume and ensures no loss on the price front. It also aims to make shares more accessible, improve liquidity, and will not dilute equity or trigger Canadian income tax for shareholders.

Transaction details

Loblaw’s four-for-one stock split increased the shares fourfold. Now, the Average Buy Price will adjust from 225.02 CAD to 56.26 CAD per share.

• Old Average Buy Price: CAD 225.02
• Split: 4-for-1 (For every 1 share owned, now investors will receive 3 additional shares, so the total shares will be 4)
• New Average Buy Price: CAD 56.26 (225.02 / 4) 

Technical Chart

One-Year Technical Price Chart (as of August 20, 2025). Source: REFINITIV, Analysis: Kalkine Group 

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.