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CA - Loblaw: Outlook Remains Strong But Investors Are Paying A Hefty Price
CA Inc.
2024-07-12 05:19:20 ET
Summary
Loblaw has shown strong growth in revenues, EBITDA, and margins over the years, outperforming peers in the Canadian grocery industry.
The company's latest quarter results exceeded expectations, with revenue and EPS beats, driven by strong same-store sales growth, particularly in the pharmacy business.
While the company seems to have navigated recent challenges better than peers, investors are paying a large premium for Loblaw.
Please note all $ figures in , not , unless otherwise stated.