Loblaw Companies Limited (TSX:L)

Loblaw Companies Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 22, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Operating Revenue	59,970	59,428	57,989	55,166	53,170	52,714
Other Revenue	1,598	1,586	1,540	1,338	-	-
Revenue	61,568	61,014	59,529	56,504	53,170	52,714
Revenue Growth (YoY)	2.42%	2.50%	5.35%	6.27%	0.86%	9.74%
Cost of Revenue	41,456	41,065	40,262	38,327	36,436	36,725
Gross Profit	19,747	19,588	18,894	17,892	16,670	15,989
Selling, General & Admin	15,741	15,628	15,316	14,584	13,743	13,615
Operating Expenses	15,741	15,628	15,316	14,584	13,743	13,615
Operating Income	4,006	3,960	3,578	3,308	2,927	2,374
Interest Expense	-689	-683	-660	-599	-431	-744
Interest & Investment Income	-	-	-	-	-	10
Other Non Operating Income (Expenses)	1	-	-	-	-	-
EBT Excluding Unusual Items	3,318	3,277	2,918	2,709	2,496	1,640
Merger & Restructuring Charges	-	-	-	-16	-	-
Asset Writedown	-32	-32	-17	-34	-54	-17
Legal Settlements	-164	-164	-	-	-	-
Pretax Income	3,122	3,081	2,901	2,659	2,442	1,623
Income Tax Expense	814	806	714	665	466	431
Earnings From Continuing Operations	2,308	2,275	2,187	1,994	1,976	1,192
Net Income to Company	2,308	2,275	2,187	1,994	1,976	1,192
Minority Interest in Earnings	-96	-104	-87	-73	-101	-84
Net Income	2,212	2,171	2,100	1,921	1,875	1,108
Preferred Dividends & Other Adjustments	13	16	12	12	12	12
Net Income to Common	2,199	2,155	2,088	1,909	1,863	1,096
Net Income Growth	3.32%	3.38%	9.32%	2.45%	69.22%	2.50%
Shares Outstanding (Basic)	303	305	317	328	339	355
Shares Outstanding (Diluted)	306	309	320	332	342	358
Shares Change (YoY)	-3.35%	-3.59%	-3.53%	-2.96%	-4.58%	-2.77%
EPS (Basic)	7.26	7.06	6.59	5.82	5.49	3.08
EPS (Diluted)	7.19	6.99	6.52	5.75	5.45	3.06
EPS Growth	7.08%	7.21%	13.39%	5.50%	78.11%	5.52%
Free Cash Flow	4,207	3,979	3,989	3,603	4,024	4,371
Free Cash Flow Per Share	13.74	12.90	12.47	10.86	11.77	12.20
Dividend Per Share	2.052	1.985	1.743	1.580	1.400	1.280
Dividend Growth	15.02%	13.88%	10.32%	12.86%	9.38%	3.23%
Gross Margin	32.07%	32.10%	31.74%	31.66%	31.35%	30.33%
Operating Margin	6.51%	6.49%	6.01%	5.85%	5.50%	4.50%
Profit Margin	3.57%	3.53%	3.51%	3.38%	3.50%	2.08%
Free Cash Flow Margin	6.83%	6.52%	6.70%	6.38%	7.57%	8.29%
EBITDA	5,475	5,414	5,014	4,698	4,266	3,715
EBITDA Margin	8.89%	8.87%	8.42%	8.31%	8.02%	7.05%
D&A For EBITDA	1,469	1,454	1,436	1,390	1,339	1,341
EBIT	4,006	3,960	3,578	3,308	2,927	2,374
EBIT Margin	6.51%	6.49%	6.01%	5.85%	5.50%	4.50%
Effective Tax Rate	26.07%	26.16%	24.61%	25.01%	19.08%	26.56%

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.