LBLCF - Loblaw Companies GAAP EPS of $1.16 revenue of $12.84B beats by $2.75B
- Loblaw Companies press release ( OTCPK:LBLCF ): Q2 GAAP EPS of $1.16.
- Revenue of $12.84B (+2.8% Y/Y) beats by $2.75B .
- Retail segment sales were $12,623 million, an increase of $341 million, or 2.8%.
- Food Retail (Loblaw) same-stores sales increased by 0.9%.
- Drug Retail (Shoppers Drug Mart ( OTCPK:SHDMF )) same-store sales increased by 5.6%.
- E-commerce sales decreased by 17.5%, lapping elevated online sales due to lockdowns last year.
- Operating income was $742 million, a decrease of $10 million, or 1.3%. Operating income was negatively impacted by $111 million as a result of a charge related to a President's Choice Bank ("PC Bank") commodity tax matter.
- Adjusted EBITDA (2) was $1,499 million, an increase of $128 million, or 9.3%.
- Retail segment adjusted gross profit percentage (2) was 31.4%, an increase of 50 basis points.
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Loblaw Companies GAAP EPS of $1.16, revenue of $12.84B beats by $2.75B