Loblaw Companies (LBLCF) Expected to Announce Quarterly Earnings on Wednesday

Loblaw Companies (OTCMKTS:LBLCF) is expected to be issuing its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.4804 per share and revenue of $12.2256 billion for the quarter.

Loblaw Companies Stock Up 2.5%

Shares of OTCMKTS LBLCF opened at $50.26 on Tuesday. Loblaw Companies has a 12 month low of $31.16 and a 12 month high of $50.29. The company has a current ratio of 1.35, a quick ratio of 0.74 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $58.90 billion and a price-to-earnings ratio of 100.52. The business has a 50-day moving average of $46.37 and a 200-day moving average of $49.23.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.