Q4 2025 Loblaw Companies Ltd Earnings Call Transcript
Key Points
- Loblaw Companies Ltd (LBLCF) reported a 3.5% revenue growth in the fourth quarter, reaching $15.5 billion, supported by the opening of 30 new stores.
- Adjusted EBITDA increased by 4.8% to $1.8 billion, with a margin improvement of 10 basis points to 11.5%.
- The company achieved a 10.9% growth in adjusted diluted net earnings per share.
- Loblaw Companies Ltd (LBLCF) opened 48 new hard discount stores in the year, contributing to strong sales growth.
- Online sales demonstrated strong growth, with digital sales increasing by 19.6% in the fourth quarter.
- Continued pressure in liquor, tobacco, and HABA categories resulted in a 20 basis points pressure on food same-store sales.
- The company faces challenges with unjustified cost increases from suppliers, impacting internal inflation metrics.
- There is ongoing pressure in the right-hand side categories, including toys, apparel, and home and entertainment.
- The ramp-up of new stores and automated distribution centers has led to increased costs.
- The sale of PC Financial to EQ Bank introduces uncertainty regarding the timing of financial impacts.
Good morning, ladies and gentlemen, and welcome to the Loblaws Companies Limited 2025 fourth-quarter and full-year results conference call. (Operator Instructions) This call is being recorded on Wednesday, February 25, 2026. I would now like to turn the conference over to Roy MacDonald, Vice President, Investor Relations. Please go ahead.
Thank you very much, and good morning, everybody. Welcome to the Loblaws Companies Limited fourth-quarter and full-year 2025 results conference call. As usual, I'm joined here this morning by Per Bank, our President and Chief Executive Officer; and by Richard Dufresne, our Chief Financial Officer.
So before we begin today, I'll remind you that today's discussions will include forward-looking statements, which may include, but are not limited to, statements with respect to Loblaw's anticipated future results. These statements are based on assumptions and reflect management's current expectations. As such, are subject to a number of risks and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
