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TSX:L 74.56CAD
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2020-04-04 Loblaw provides $5 million donation to get food and health essentials to Canada’s most vulnerable
Toronto, ON, April 4, 2020 – Loblaw Companies Limited (TSX:L, “Loblaw”) will provide $5 million in gift cards to certain food banks and community charities, including Food Banks Canada , Second Harvest , Community Food Centres Canada and others. Due to COVID-19, these groups are seeing growing community hardship, while also addressing the challenge of social distancing and increased food safety measures. Some are increasingly relying on grocery and drug store gift cards to help community members in need.  Through this new initiative, Loblaw will add an additional $5 million of value, to the $15 million worth of gift card purchases by select charities, increasing their buying power. The cards will be available for use in Loblaw’s 2,500 Shoppers Drug Mart and grocery store locations, including Loblaws, No Frills, Real Canadian Superstore, Your Independent Grocer, Zehrs and more. “Usually our donations quickly become a hot meal at a community food centre or a care package at a...
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2020-04-02 Loblaw Companies Limited Announces Timing of First Quarter 2020 Earnings Release
Loblaw Companies Limited (TSX: L) announced today that it will release its first quarter 2020 results on April 29, 2020 at 6:30 a.m. (ET). The release will be followed by a conference call at 10:00 a.m. (ET), as well as an audio webcast. To access Loblaw's first quarter conference call, please dial (647) 427-7450 or (888) 231-8191. The playback will be made available approximately two hours after the event at (416) 849-0833 or (855) 859-2056, access code: 9252547. To access via audio webcast, please go to the "Investor" section of Pre-registration will be available. The Annual Meeting of Shareholders will be held on Thursday April 30, 2020, at 11:00 a.m. (ET). Due to the uncertain public health impact of the coronavirus outbreak (COVID-19) and in consideration of the health and safety of our shareholders, colleagues and the broader community, this year's Annual Meeting will be held in a virtual meeting format only, by way of a live webcast. Please refer to Loblaw's...
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2020-02-25 Loblaw Companies Limited Amends Normal Course Issuer Bid to allow George Weston Limited to Participate
 – Loblaw Companies Limited (Loblaw) and George Weston Limited (GWL) jointly announce today that the Toronto Stock Exchange (TSX) has accepted an amendment to Loblaw's normal course issuer bid (NCIB). The amendment will permit GWL to sell common shares (Common Shares) of Loblaw in connection with Loblaw's NCIB in order for GWL to maintain its proportionate interest in Loblaw. GWL is the majority owner of Loblaw and holds approximately 52.2% of the issued and outstanding Common Shares. "Following the acquisition of Shoppers Drug Mart in 2014, George Weston Limited's ownership interest was reduced to 46% of the issued and outstanding shares of Loblaw," said Galen G. Weston, Chairman and Chief Executive Officer of George Weston Limited. "At that time, we set a target to return to a majority ownership position in Loblaw, which we have achieved. The current plan is that we will accumulate approximately $2 billion of cash through participation in the Loblaw NCIB and cash generated...
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2020-02-20 Loblaw Reports 2019 Fourth Quarter Results and Fiscal Year Ended December 28, 2019 Results
 Loblaw Companies Limited (TSX: L) ("Loblaw" or the "Company") announced today its unaudited financial results for the fourth quarter ended December 28, 2019 and the release of its 2019 Annual Report – Financial Review ("Annual Report"). The report includes the Company's audited consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the fiscal year ended December 28, 2019. The Company's 2019 Annual Report will be available in the Investors section of the Company's website at and will be filed on SEDAR and available at . "Our sales trajectory continued to improve through the fourth quarter, completing a year in which we achieved our financial targets and made significant strategic investments," said Galen G. Weston, Executive Chairman, Loblaw Companies Limited. "We will continue these investments through 2020, positioning Loblaw to deliver long-term shareholder value." 2019 FOURTH QUARTER HIGHLIGHTS Unless...
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