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.
Introduction
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Loblaw: Outlook Remains Strong, But Investors Are Paying A Hefty Price