Loblaw 3Q Profit, Sales Rise

By Adriano Marchese

Loblaw's profit rose in the third quarter thanks to a dual boost from increased shopper visits and larger purchases that helped drive sales.

The Canadian food-and-pharmacy retail giant on Wednesday posted net income of 794 million Canadian dollars ($566.3 million), or C$0.66 a share, up from C$777 million, or C$0.63 a share, in the comparable quarter a year earlier.

Adjusted earnings were C$0.69 a share. According to FactSet, analysts were expecting C$0.68 a share.

Revenue rose to C$19.4 billion from C$18.54 billion a year earlier, just edging over analyst forecasts of a rise to C$19.39 billion.

Food-retail same-store sales growth was 2% in the quarter, while drug retail saw 4% growth. For pharmacy and healthcare services, same-store sales were up 5.9%, and for front store they climbed 1.9%.

The cost of food has been top of mind for many Canadians over the past years, but Loblaw said customers have both been coming in more frequently and buying more per visit. The company also said its internal food inflation was lower than the 3.6% consumer price index for food purchased from stores.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 12, 2025 07:17 ET (12:17 GMT)