Loading…
Canada's largest food and pharmacy retailer, operating grocery banners (Loblaws, No Frills, Real Canadian Superstore) and Shoppers Drug Mart pharmacies.
Canada's largest food and pharmacy retailer, operating grocery banners (Loblaws, No Frills, Real Canadian Superstore) and Shoppers Drug Mart pharmacies.
Earns small amounts on a very large volume of grocery and pharmacy sales, helped by private-label goods and prescription dispensing. The 2014 purchase of Shoppers Drug Mart added the pharmacy side. George Weston Limited, controlled by the Weston family, owns most of the shares, and Loblaw holds a majority of Choice Properties, the real-estate trust that owns many of its stores.
In one line: Canada's Kroger plus a CVS-style pharmacy arm.
Moat: narrow (scale, brand, distribution). Leading Canadian grocery/pharmacy store network and private-label brand strength.
Headquarters: Brampton, Ontario, Canada · Founded: 1919 · Employees: 220,000
Size Loblaw Companies (L.TO) is a Canada Consumer Staples company (Food Retail) with a market value of $57.0B, the 21st largest of 420 Canada companies the cockpit tracks. Shares closed at C$69.45 on 6 Nov 2026.
Performance Over six months the shares gained 15.6%, against +13.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 9 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +2.9%); the operating margin is 7.0% (peer median 4.3%).
Valuation It trades at 26.1× forward earnings against a peer median of 18.4× (2nd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$64.6B | C$63.9B | C$60.1B | C$59.5B | C$56.5B |
| Revenue growth | — | +6% | +1% | +5% | — |
| Gross profit | C$19.9B | C$19.9B | C$18.3B | C$18.5B | C$17.5B |
| EBITDA | C$7.22B | C$7.20B | C$6.53B | C$6.60B | C$6.20B |
| Net income | C$2.79B | C$2.67B | C$2.17B | C$2.10B | C$1.92B |
| Free cash flow | C$4.78B | C$4.10B | C$3.54B | C$3.57B | C$3.26B |
| Capital expenditure | C$2.14B | C$2.06B | C$2.20B | C$2.07B | C$1.75B |
| Total debt | C$16.6B | C$16.3B | C$19.2B | C$18.2B | C$17.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Loblaw Companies L.TO | $57.0B | +16% | +4% | 7% | 26.1× | -1.0% |
| Metro MRU.TO | $14.6B | +11% | +3% | 6% | 19.4× | -0.7% |
| Empire EMP-A.TO | $7.85B | +7% | +2% | 4% | 13.6× | -2.7% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | L.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.6% | +9.5% | highest of 9 |
| 6-month return | +15.6% | +13.1% | 4th highest of 9 |
| Distance from 52-week high | -2.3% | -5.8% | 2nd highest of 9 |
| Revenue growth (TTM) | +3.8% | +2.9% | 2nd highest of 9 |
| Operating margin | 7.0% | 4.3% | 2nd highest of 9 |
| Forward P/E | 26.1× | 18.4× | 2nd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | -1.0% | 1.6% | 4th least demanding of 9 |
| Growth delivered (Del g) | +3.9% | +4.2% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | -4.9 pp | -6.5 pp | 5th least demanding of 9 |
| ROIC minus cost of capital | +7.4 pp | +3.6 pp | 3rd highest of 9 |
| EV / EBITDA | 13.2× | 8.8× | most expensive of 9 |
| Net debt / EBITDA | 2.1× | 2.4× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Loblaw Companies L.TO | Canada | $57.0B | +16% | +4% | 7% | 26.1× | -1.0% | +3.9% |
| Tesco TSCO.L | United Kingdom | $46.2B | +21% | +5% | 4% | 17.5× | 5.9% | +5.0% |
| Kroger KR | United States | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% | +2.2% |
| Woolworths WOW.AX | Australia | $35.8B | +29% | +4% | 4% | 28.8× | 8.8% | +5.1% |
| Koninklijke Ahold Delhaize AD.AS | Netherlands | $33.3B | -6% | 0% | 4% | 12.7× | -7.0% | +4.3% |
| Seven & I 3382.T | Japan | $31.7B | +16% | -11% | 4% | 17.4× | 4.0% | +12.6% |
| George Weston WN.TO | Canada | $29.0B | +15% | +4% | 9% | 21.0× | -7.3% | +3.9% |
| Coles COL.AX | Australia | $21.0B | +7% | +3% | 4% | 24.4× | 5.5% | +3.3% |
| Metro MRU.TO | Canada | $14.6B | +11% | +3% | 6% | 19.4× | -0.7% | +4.1% |