Loblaw Cos. Boosts FY24 Adj. EPS Growth Outlook - Update

(RTTNews) - While reporting financial results for the third quarter on Wednesday, Canadian food retailer Loblaw Cos. Ltd. (L.TO) raised its adjusted earnings per share growth guidance for the full-year 2024, based on its year to date operating and financial performance and momentum exiting the third quarter.

For fiscal 2024, the company now projects year-over-year adjusted net earnings per share growth in the low double-digits, up from the prior forecast in the high single-digits.

On average, eight analysts polled by Thomson Reuters expect the company to report earnings of C$8.54 per share for the year. Analysts' estimates typically exclude special items.